Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 02:48 pm IST
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Jiangsu Rutong Petro-Machinery Co. Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 298.859 million compared to CNY 240.610 million a year ago. Operating income was CNY 76.510 million compared to CNY 43.401 million a year ago. Net income was CNY 64.823 million compared to CNY 39.078 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.19 a year ago.
Jiangsu Rutong Petro-Machinery Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of petroleum drilling wellhead equipment. Its products mainly include hanging tools, fastening tools, clamping tools and other tools. Other tools include bushing series, spider series, as well as bit breaker series. The Companyâs products are mainly applied in the petroleum engineering technical service companies. The Company distributes its products within domestic market and to overseas markets, including Middle East, Africa, North America, Central and South America, as well as Russia, among others.
JIANGSU RUTONG PETRO-MACHINERY CO., LTD 
