Brief: Petro Welt Technologies Says 9-Months Consolidated Revenue Increased To Eur 229.8 Million

Petro Welt Technologies AG

22/11/2022 21:35

Nov 22 (Reuters) - Petro Welt Technologies Ag  O2C.DE :
    * EQS-NEWS: Q1–3 2022 RESULTS OF PETRO WELT TECHNOLOGIES AG:
INCREASED GROUP REVENUE DUE TO STRENGTHENED FRACTURING
ACTIVITIES AND POSITIVE DEVELOPMENT IN THE DRILLING,
SIDETRACKING, AND IPM SEGMENT
    * IN FIRST NINE MONTHS OF 2022, CONSOLIDATED REVENUE OF
PEWETE
GROUP INCREASED TO EUR 229.8 MILLION (Q1-3 2021: EUR 168.5
MILLION)
    * PETRO WELT TECHNOLOGIES - CO'S OPERATIONS UNDER JOINT
VENTURE IN
OMAN WERE TERMINATED AND THE SUBSIDIARY PEWETE EVO SERVICES LLC
WILL BE LIQUIDATED
    * MAJORITY OF ASSETS IN OMAN WERE TRANSFERRED TO PEWETE'S
ACTIVITIES IN KAZAKHSTAN

Source text for Eikon:  ID:nEQFxKvCa 
Further company coverage:  O2C.DE 
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