-
CNOOC (00883) year net soars to Rmb24.7bn; div HK30 cts

  CNOOC Limited (00883) said its profit attributable
to owners of the parent for the year ended 31 December 2017 soared 37.7 times year-on-year
to Rmb24,677 million, primarily as a result of the increase in profitability due to higher
international oil price environment, as well as the combined effects of increased reserve
and reduced costs as a result of adoption of efficient measures by the company.
  Basic and diluted earnings per share were Rmb0.55.
  Revenue amounted to Rmb186,390 million, an increase of 27.2% from a year earlier.
  In 2017, CNOOC realized a net production of 470.2 million BOE, representing a decrease 
of 1.4% over the previous year, which exceeded the annual production target. Oil and gas 
sales were Rmb151,888 million, an increase of 25.2% over the previous year
  The proposed final dividend is HK30 cents (2016: HK23 cents) per share, payable on 10
July.

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
HSBC HOLDINGS Appoints Malaysia CEO as Asia-Pacific One-Belt-One-Road Biz Manager  HSBC HOLDINGS(00005.HK)    +1.150 (+1.574%)    Short selling $311.30M; Ratio 15.773%   announced that Malaysia CEO Mukhtar Hussain was appointed to the newly created position of head of Belt and Road initiative in Asia Pacific, effective from 1 July.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more