28 Apr 2017 14:01
Date - April 28, 2017
Chagala Group Limited
('Chagala' or 'the Company' or 'the Group')
Full year results for the year ended 2016
Chagala Group Limited, the London-listed investor in specialist services and facilities providers to the oil and gas industries in Kazakhstan (symbol: CGLO), is pleased to announce today its annual results for 2016.
Financial Highlights Figures in USD million | 2016 | 2015 |
Revenue | 20.3 | 23.5 |
Room and rent revenue | 15.6 | 17.5 |
Food and beverage revenue Other revenue | 2.6 2.1 | 3.5 2.5 |
EBITDA | 7.7 | 8.0 |
Operating profit | 4.4 | 3.8 |
Net profit | 0.8 | 1.9 |
Total Assets | 92.1 | 92.9 |
Svetlana Mendesh, Group's Chief Financial Officer, said
"We are very glad that, despite the many challenges in the local and global economy and difficult market situation, the Group investments results have been in line with its projections and local market trends. Low oil prices, the devaluation of the national currency in the investments' region and difficulties with the implementation of major oil and gas projects have led to a reduction in projects and staff. However, the investments managers have enabled us to maintain strong EBITDA through conscientious cost control and continuous improvements in operating standards and business processes. On behalf of the Group, I would like to thank our investments' clients, partners and staff for their support and trust during this tough period."
END
For additional information please contact the Chagala Group at:
Telephone: +7 727 355 04 84
Email: f.parrilla@chagalagroup.kz
http://www.rns-pdf.londonstockexchange.com/rns/7247D_-2017-4-28.pdf
CGLO.L (CGLO)