Mar 30, 2020 / 03:30AM GMT
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
Full Year 2019 China Oil and Gas Group Ltd Earnings Call (Chinese, English) Transcript
Feb 13, 2024
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