Q3 2022 Cosmo Energy Holdings Co Ltd Earnings Presentation Transcript

Feb 10, 2022 / NTS GMT

Release Date Price: $5.63

Transcript

Takayuki Uematsu

Cosmo Energy Holdings Co., Ltd. - Senior Managing Executive Officer & Representative Director

This is Uematsu. Thank you very much for your attendance today. Let me start my presentation following the presentation material.

Page 1 is the agenda. I will start with the highlights of the fiscal year 2021. The third quarter financial results shown on Page 3.

First, the company maintained a refinery utilization rate based on a short position strategy as shown at the first bullet point. Profit increased sharply year-on-year, mainly due to an increase in sales volume of petroleum products and the rise of crude oil prices. We enjoy a positive cycle of supply and demand situation at the moment in support of the positive performance. So we have decided to revise the fiscal year 2021 full

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