HK Stock Market Move | ANTON OILFIELD (03337) fell more than 7%, with net profit in the first half of the year decreasing by 36.64% year-on-year. New orders in the Iraqi market have been halved.

ANTON OILFIELD (03337) fell over 7%, as of the time of publication, down 7.79% to HKD 0.71, with a trading volume of HKD 5.3613 million. In terms of news, ANTON OILFIELD announced its interim results for 2026, reporting total revenue of RMB 2.682 billion, an increase of 1.94% year-on-year; shareholders net profit was RMB 105 million, a decrease of 36.64% year-on-year. In the first half of the year, the company had a net cash inflow from operations of approximately RMB -64 million, a decrease of RMB 434 million compared to about RMB 370 million in the same period last year. In the first half of the year, revenue from overseas markets was about RMB 1.88 billion, an increase of 11.9% year-on-year. Within the overseas market, revenue from Iraq was about RMB 1.212 billion, a decrease of 16.2%, accounting for 45.2% of total revenue. The announcement pointed out that during the period, the company secured new orders in the Iraqi market totaling approximately RMB 1.243 billion, a year-on-year decrease of 50.5%, mainly impacted by the expiration and non-renewal of the Makinu project contract, as well as delays in the progress of bidding for new projects due to the situation in the Middle East.