Jutal Offshore Oil Services Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2016
February 06, 2017 at 08:32 am
Jutal Offshore Oil Services Limited provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2016. For the period, the company expects that the group may record a substantial decline in the consolidated net profit attributable to the owners of the company as compared with that for the corresponding period of 2015. The expected decline in net profit for the year was mainly due to the decrease of other income, as classified in the annual report of the company for the year ended December 31, 2015, and the decline of profit margin of the Group's projects due to the current sluggish global oil and gas market environment.