PETRO-KING (02178) Reports Interim Results with Shareholder Loss of HK$11.8 Million, Up 2885.6% YoY

Stock News

Aug 21, 2025

PETRO-KING (02178) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$111 million, representing a 32.9% year-on-year decline. The company recorded a loss attributable to owners of HK$11.793 million, marking a significant 2885.6% increase compared to the same period last year. Basic loss per share stood at HK$0.68 cents.

The decrease in revenue during the period was primarily attributed to a client's decision to postpone certain shale gas stimulation projects to the second half of 2025 in accordance with their internal extraction schedule, resulting in reduced stimulation services provided in Southwest China. Additionally, revenue from the Middle East market declined as a supervision services contract expired in the first half of 2024, generating no income from this contract during the first half of 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1102331822"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1102331822\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1102331822?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-21 20:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102331822","market":"sg","top_or_hot":-1,"title":"PETRO-KING (02178) Reports Interim Results with Shareholder Loss of HK$11.8 Million, Up 2885.6% YoY","media":"Stock News","content":"<p>PETRO-KING (02178) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$111 million, representing a 32.9% year-on-year decline. The company recorded a loss attributable to owners of HK$11.793 million, marking a significant 2885.6% increase compared to the same period last year. Basic loss per share stood at HK$0.68 cents.</p>\n<p>The decrease in revenue during the period was primarily attributed to a client's decision to postpone certain shale gas stimulation projects to the second half of 2025 in accordance with their internal extraction schedule, resulting in reduced stimulation services provided in Southwest China. Additionally, revenue from the Middle East market declined as a supervision services contract expired in the first half of 2024, generating no income from this contract during the first half of 2025.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PETRO-KING (02178) Reports Interim Results with Shareholder Loss of HK$11.8 Million, Up 2885.6% YoY</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPETRO-KING (02178) Reports Interim Results with Shareholder Loss of HK$11.8 Million, Up 2885.6% YoY\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-08-21 20:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PETRO-KING (02178) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$111 million, representing a 32.9% year-on-year decline. The company recorded a loss attributable to owners of HK$11.793 million, marking a significant 2885.6% increase compared to the same period last year. Basic loss per share stood at HK$0.68 cents.</p>\n<p>The decrease in revenue during the period was primarily attributed to a client's decision to postpone certain shale gas stimulation projects to the second half of 2025 in accordance with their internal extraction schedule, resulting in reduced stimulation services provided in Southwest China. Additionally, revenue from the Middle East market declined as a supervision services contract expired in the first half of 2024, generating no income from this contract during the first half of 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02178","symbol_name":"百勤油服","start_time":0,"source_url":"","article_id":"1102331822","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102331822","pubTimestamp":1755778712,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"PETRO-KING (02178) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$111 million, representing a 32.9% year-on-year decline. The company recorded a loss...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02178":"百勤油服","BK1202":"石油天然气设备与服务"},"translate_title":"百勤(02178)公布中期业绩股东亏损11.8百万港元同比增2885.6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02178":1},"content_text":"PETRO-KING (02178) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$111 million, representing a 32.9% year-on-year decline. The company recorded a loss attributable to owners of HK$11.793 million, marking a significant 2885.6% increase compared to the same period last year. Basic loss per share stood at HK$0.68 cents.\nThe decrease in revenue during the period was primarily attributed to a client's decision to postpone certain shale gas stimulation projects to the second half of 2025 in accordance with their internal extraction schedule, resulting in reduced stimulation services provided in Southwest China. Additionally, revenue from the Middle East market declined as a supervision services contract expired in the first half of 2024, generating no income from this contract during the first half of 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}