Core Viewpoint - The company, 百勤油服 (02178), anticipates a significant increase in losses for the first half of 2025, projecting a loss attributable to shareholders of no more than 15 million HKD, compared to an estimated loss of approximately 400,000 HKD in the first half of 2024, marking an increase of no more than 14.6 million HKD [1] Group 1 - The increase in projected losses is primarily attributed to a substantial decrease in revenue from enhanced oil recovery services provided to shale gas fields in Southwest China [1] - A major client has delayed several enhanced oil recovery projects to the second half of 2025 based on its internal extraction plans, contributing to the revenue decline [1] - Additionally, the expiration of a supervisory service contract in the Middle East in the first half of 2024 has resulted in reduced earnings, as there was no income generated from service contracts during the reporting period [1]
百勤油服(02178)发盈警 预期上半年公司拥有人应占亏损不多于1500万港元