Shandong Molong Petroleum Machinery (00568) said it reported a preliminary net profit attributable to the equity holders of Rmb20.23 million for the year ended 31 December 2014, as compared to the loss of Rmb176 million from the previous financial year.
Its basic earnings per share were Rmb2.5 cents.
Total operating revenue amounted to Rmb2,522 million, an increase of 11.01% from a year earlier.
Due to the strengthening of development of the overseas customers and the increase of sales volume of new non-API products, the Group's operating results for 2014 improved steadily.
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