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 January 31, 2016 - 7:35 PM EST
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China Oilfield Services Predicts 2015 Net down 85%

, February 1, SinoCast -- China Oilfield Services predicts that its 2015 net profits would decline about 85% year on year. It made CNY 7.49 billion net profits and CNY 1.57 earnings per share a year ago.

The company explains that international crude oil price remained weak since 2015 beginning and further fell in the second quarter. Falling crude price forced oil companies to cut capital expenditures generally.

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Source: News (January 31, 2016 - 7:35 PM EST)

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