SPT Energy (01251) released its interim performance for the six months ended June 30, 2024. The group achieved revenue...
According to the Smart Finance app, SPT Energy (01251) released its interim performance for the six months ended June 30, 2024. The group achieved revenue of 769 million yuan (the same unit). Compared with the same period last year, it decreased by 8.75%; the company's profit attributable to owners was a loss of 62.741 million yuan, while a profit of 9.341 million yuan was earned in the same period last year; the loss per share was 0.0321 yuan.
In the first half of 2024, due to extreme weather conditions in the Kazakhstan region, the workload of the group has decreased, and impairment provision has been made for some assets, resulting in a significant decline in revenue and profit for this period. However, in this period, under the background of increased external environmental challenges and increased difficulties, the group has firm confidence and has taken the following measures to respond to the new changes faced by the oilfield services industry and the opportunities and challenges encountered in the strategic transformation process: First, firmly implement the upgrade measures of the "one main, two supporting" strategic layout, adhere to the core oilfield services business, and strengthen profitability; seize market opportunities and accelerate the development of new energy business; accelerate the exploration and development progress of Indonesian oilfield blocks. Second, while focusing on technological innovation, research and development, and introduction, the group also focuses on integrating, upgrading, and breakthroughs with existing technologies to form a technological advantage industry chain, and promotes the development of the group's market and various businesses through technological improvement. Third, customer needs-oriented, deep cultivation of regional markets, actively exploring overseas and emerging markets. Continuously consolidate and deepen regional market business cooperation; comprehensively promote the development of emerging markets and low-carbon projects, and promote the coordinated development of traditional businesses and new energy businesses. Fourth, strictly fulfill social responsibilities, deepen the work of environmental, social, and governance (ESG) and sustainable development; strengthen safety and environmental protection management, enhance risk control, continuously enhance risk resistance and maintain sustainable development capabilities; deepen efforts to save resources, improve quality and efficiency, and continuously improve management efficiency. In terms of human resources, based on the principles of performance, strengthening capacity building, and rejuvenating cadres, organizational personnel adjustments have been made to optimize the talent structure.