China Oil And Gas Group Ltd (FRA:GPI1)
€ 0.014 -0.001 (-6.67%) Market Cap: 114.97 Mil Enterprise Value: 694.48 Mil PE Ratio: 0 PB Ratio: 0.23 GF Score: 62/100
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Full Year 2019 China Oil and Gas Group Ltd Earnings Call (Chinese, English) Transcript

Mar 30, 2020 / 03:30AM GMT
Release Date Price: €0.022 (-37.14%)
Jenny Yin Shan
China Oil and Gas Ltd. - CFO

Good morning and thank you for joining China Oil and Gas Group's 2019 results investor conference call. I believe all of you have our presentation on hand and please flip to pages 3 and 4.

Page 3 summarizes the major highlights of the Group in 2019. Total revenue increased by 9% to HKD10.261 billion. The major reason for the increase of total revenue was due to the 10% increase of sales and transmission of natural gas to 5.1 billion cubic meters. Profit for the year increased 15% to HKD779 million. Profit attributable to the owners of the Company increased 17% to HKD331 million. Basic earnings per share increased 17% to HKD6.642 cents.

On page 5 the recurring profit attributable to the owners of the Company increased by 48% after taking off all the other gains, provision for impairment of PPE and financial costs incurred for the early redemption of a senior note.

On page 6 and 7, the Group's principal activities are divided into three segments. First, sales and distribution of natural gas and other related products. With the

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