Chinese driller COSL sees net profit plummet on impairments

Revenues derived from the drilling service dropped 23.4% to 8.8 billion yuan.

Centre point: COSL is headquartered in Yanjiao, in Hebei province — Centre point: COSL is headquartered in Yanjiao, in Hebei provincePhoto: XU YIHE/SINGAPORE

Xu Yihe

Singapore

COSL China Drilling Asia & Oceania East Asia

Published 28 March 2022, 11:25Updated 28 March 2022, 11:41