Sino Geophysical Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 04:54 am EDT
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Sino Geophysical Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 321.457 million compared to CNY 77.476 million a year ago. Operating income was CNY 12.538 million compared to CNY 16.484 million a year ago. Net income was CNY 4.942 million compared to CNY 8.488 million a year ago. Basic earnings per share from continuing operations was CNY 0.0154 compared to CNY 0.0265 a year ago.
Sino Geophysical Co., Ltd. is a China-based company principally engaged in the provision of integration technical services of processing and explanation of geological data for oil and gas exploration. The Company is primarily involved in geological data processing business, geological data explanation business, geological data analysis business, well position arrangement business, oil field region assessment business, drilling and completion services, as well as provision of technological services, including intelligent management of oil fields and development of software, among others. The Company operates its geological data processing explanation and research for large petroleum exploration projects located in Daqing, Shengli, Liaohe, Tarim, Dagang, among others.
SINO GEOPHYSICAL CO., LTD 
