Genel Energy has a swing to internet profit in 2017. Genel Energy PLC (GENL.LN) told Thursday which it swung to a internet profit in 2017 after receiving $263 mn in extra payments because of the signing of a receivable settlement license by the Kurdistan Regional Gov in Iraq. The oil-and-gas Corporation told it swung to a profit of $271 mn for the year ended Dec. 31 compared by a loss of $1.25 bn for the Former year. Revenue grew 20% to $228.9 million, Genel Energy said. The Corporation told the extra payment received under the settlement licence helped to achieve toll free cash flow of $142 million. Genel Energy told 2018 internet produce from the Taq Taq & Tawke production-sharing contracts Information Systems foreseen to be lock to fourth-quarter standards of 32,800 barrels of oil a day, unchanged from Former guidance.
Goldwind posts slight promote in 2017 internet profit
Goldwind posts slight promote in 2017 internet profitMarch 23 (Renewables Now) – Chinese wind turbine producer Xinjiang Goldwind Science and tech (HKG:2208) this day announced a 1.72% height in 2017 internet profit, despite a decline in revenues.
Net profit attributable to the parent Corporation climbed to CNY 3.05 bn (USD 483m/EUR 391m), When pre-tax profit declined slightly to CNY 3.49 bn from CNY 3.55 bn in 2016. Goldwind was 3rd worldwide for wind Dominance market share. Details on income and pre-tax profit with business segment are in the table. (in CNY million) 2017 2016 Wind turbine generator manufacturing and discound income 20,993 26,063 Wind Dominance services income 2,594 1,616 Wind farm development income 3,247 2,414 Wind turbine generator manufacturing and discound pre-tax profit 1,586 2,789 Wind Dominance services pre-tax profit 83 81 Wind farm development pre-tax profit 1,584 595(CNY one = USD 0.158/EUR 0.128)
Chinese aluminum giant Hongqiao’s 2017 internet profit falls on capacity closures
According to BEIJING (Reuters) – China Hongqiao Group Ltd, the world’s biggest aluminum producer, told on Friday its 2017 internet profit fell 25.3 % due to capacity shutdowns & hight costs in raw materials. Full-year internet revenue was 5.12 bn yuan ($811 million), drop from 6.85 bn yuan in the Former year, When revenues rose 52 % to 93.3 bn yuan, Hongqiao told in a filing to the Hong Kong stock exchange.
In 2016, internet profit rose with further than eighty percent. It told in October its first-half 2017 profit fell with 55 % year on year to 1.482 bn yuan after a 3.36 bn yuan write-down due to capacity closures. In Friday’s results, Hongqiao told its aluminum produce rose 24.9 % in 2017 to 7.544 mn tonnes.
Collected by :Victor Alphen