Financial Wire

Anton Oilfield's New Orders Slide 20% in Q1

-- Anton Oilfield Services (HKG:3337) booked new orders worth about 1.39 billion yuan in the first quarter of 2026, down 20% from a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the company were up nearly 1% in Thursday morning trade.

Orders from Iraq fell 13% to 611.2 million yuan, while other overseas markets decreased 85% to 47.9 million yuan.

Meanwhile, orders in China fell 1.8% to 728.4 million yuan.

Anton attributed the decline in the overseas markets, which include projects in Algeria, Chad, and Kazakhstan, to the ongoing conflict in the Middle East.

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Anton Oilfield's New Orders Slide 20% in Q1 | Financial Wire