ALSO READAsian Oilfield Services hits the roof after winning ONGC contract Asian Oilfield Services secures Rs 108.97 crore worth contract from ONCG Asian Oilfield Services receives LoI for USD 20 mn contract from Startum Energy Romania Asian Oilfield Services consolidated net profit declines 68.41% in the March 2017 quarter Asian Oilfield Services reports standalone net profit of Rs 5.26 crore in the March 2017 quarter
Meanwhile, the S&P BSE Sensex was up 4.58 points, or 0.01% to 32,329.99.
On the BSE, 1.38 lakh shares were traded in the counter so far, compared with average daily volumes of 40,965 shares in the past one quarter. The stock had hit a high of Rs 193.80 and a low of Rs 170 so far during the day. The stock hit a 52-week high of Rs 249.60 on 27 March 2017. The stock hit a 52-week low of Rs 53 on 9 August 2016.
The stock had underperformed the market over the past one month till 4 August 2017, falling 15% compared with 3.05% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 14.21% as against Sensex's 8.26% rise. The scrip had outperformed the market in past one year, rising 211.62% as against Sensex's 15.13% rise.
The small-cap company has equity capital of Rs 26.07 crore. Face value per share is Rs 10.
Asian Oilfield Services said its wholly-owned subsidiary, Asian Oilfield & Energy Services DMCC, Dubai has received a letter of intent (LoI) for a contract of $20 million from Stratum Energy Romania, LLC for acquiring 3D seismic data on a 730-square-km stretch of Stratum Energy's Moinesti Block in onshore Romania. This LoI is subject to the parties concluding a contract with mutually acceptable terms.
On a consolidated basis, net profit of Asian Oilfield Services declined 68.41% to Rs 1.39 crore on 1344.24% rise in net sales to Rs 95.32 crore in Q4 March 2017 over Q4 March 2016.
Asian Oilfield Services is a reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services. Th company's mission is to help its clients in the onshore oil & gas and mining industries make quicker and more informed decisions on where to explore drill.
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