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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
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Share Price: 3.60
Bid: 3.50
Ask: 3.70
Change: 0.25 (7.46%)
Spread: 0.20 (5.714%)
Open: 3.95
High: 4.25
Low: 3.60
Prev. Close: 3.35
CASP Live PriceLast checked at -

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Retailer Casino eyes further profit growth in 2018

Thu, 08th Mar 2018 06:48

PARIS, March 8 (Reuters) - French retailer Casinosaid on Thursday that it aimed to grow profits further in 2018thanks to cost savings and improving sales in France and Brazil,as it posted a 20.1 percent rise in its 2017 operating profit.

Casino, whose credit rating was cut to junk by Standard &Poor's in March 2016, is under pressure to show it can reviveprofits in its main market of France at a time of slower growthin Brazil, its second-biggest market by revenue.

It kept its 2017 dividend unchanged at 3.12 euros and vowedto improve cash flow and cut its net debt this year.

Operating income rose 20.1 percent to 1.242 billion euros($1.54 billion), in line with the company's guidance for profitsof 1.24 billion euros given in January.

Casino said its French operations achieved operating profitsof 556 million euros in 2017, also in line with the company'sguidance for profits above 550 million euros.

($1 = 0.8060 euros)(Reporting by Dominique Vidalon;Editing by Sudip Kar-Gupta)

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8 Apr 2024 14:30

Caspian Sunrise seeks to acquire "less challenging" oil licences

(Alliance News) - Caspian Sunrise PLC on Monday said it is in the preliminary stages of acquiring CS Energy LLP and its accompanying licence.

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25 Mar 2024 11:44

IN BRIEF: Caspian Sunrise considers sale of BNG contract area

Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - Says it is mulling the sale of all or part of the BNG contract area's shallow structures at "indicative prices potentially significantly greater than its current carrying value". Says any deal would likely require shareholder approval due to its size of the transaction value relative to the group. "We believe this heightened level of corporate interest in BNG's producing shallow structures is in part the result of the changes last year to the Kazakh oil trading regulations, which now require the production of oil to obtain a trading licence, and the relative scarcity of producing fields with full production licences. The sharp reduction in the discount for international sales referred to below may also have had an effect," the company says. Caspian Sunrise says no binding agreements have been entered into and there is no certainty that discussions will lead to a firm offer or that the board would put an offer before shareholders.

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16 Feb 2024 16:27

IN BRIEF: Caspian Sunrise MJF Well 142 returns to production

Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - Reports that the best performing MJF Well 142 on the BNG contract area returns to production after a 12-month absence. Says production is currently approximately 1,900 barrels of oil per day. Adds that the rig in use at Well 142 will now be used to spud Well 155, which is the final shallow well under the current BNG work programme. The intention at Well 141 is to resume work by first removing approximately 27 meters of stuck pipes, before drilling a horizontal side-track. Chair Clive Carver says: "With the return of Well 142 production levels are moving in the right direction."

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16 Feb 2024 13:24

Caspian Sunrise reports progress at BNG contract area

(Sharecast News) - Caspian Sunrise updated the market on operations at the BNG contract area on Friday, reporting that well 142, a key asset on the MJF structure, had resumed production after more than 12 months.

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21 Dec 2023 15:02

Caspian Sunrise shares fall as interval tested at well not commercial

(Alliance News) - Caspian Sunrise PLC on Thursday said that the interval tested at a well was not commercial.

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31 Oct 2023 12:55

Sanctions still impacting Caspian Sunrise operations

(Sharecast News) - Caspian Sunrise said in an operational update on Tuesday that while neither the UK nor the EU had imposed sanctions on oil produced in Kazakhstan and transported via the Russian pipeline network, sanctions on Russia were having a significant impact on its operations.

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25 Sep 2023 10:38

Caspian Sunrise interim results weakened by sanctions on Russia

(Alliance News) - Caspian Sunrise PLC on Monday said a "tougher" operating period affected by sanctions against Russia affected its interim profit and revenue.

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Caspian Sunrise jumps 60% as share resume trading after earnings out

(Alliance News) - Shares in Caspian Sunrise PLC rose 60% early Friday in London, after the company released its 2022 results, allowing the stock to resume trading on AIM.

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30 Jun 2023 10:50

Caspian Sunrise shares slump as rules out more dividends for 2023

(Alliance News) - Caspian Sunrise PLC on Friday said it has suspended future dividend payments and expects to see a loss in revenue as the Russia-Ukraine conflict looms.

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