Q1 2022 Cosmo Energy Holdings Co Ltd Earnings Presentation Transcript

Aug 06, 2021 / NTS GMT

Release Date Price: $5.63

Transcript

Hiroshi Kiriyama

Cosmo Energy Holdings Co., Ltd. - President, Group CEO & Representative Director

Good morning. Thank you for your time today. I will now proceed with the presentation, starting with Page 3, which shows highlights of quarterly financial results as well as a summary of the P&L results for the first quarter of fiscal year 2021. .

Please refer to the table at the bottom of the slide as well.

To summarize, the progress rate of ordinary profit, excluding the inventory valuation effect, was 38%, which is a good progress for just 1 quarter of the year. In particular, the Petroleum business segment achieved a strong progress of over 50% in ordinary profit excluding inventory valuation. As the impact of COVID-19 pandemic eased, market conditions improved, driven by the recovery of crude oil prices.

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