NewOcean Energy Holdings Limited is listed in the Hong Kong Stock Exchange (stock code: 342) and has its headquarter in Hong Kong.
The Group is engaged in the sale and distribution of liquefied petroleum gas ("LPG") and sales of electronic products. The total volume of LPG purchased by the Group in 2008 amounted to 795,000 tons. Our Zhuhai Terminal imported 662,000 tons and exported 260,000 tons. Relative to Guangdong's total import volume of about 1,778,500 tons and the export volume of about 405,600 tons, our Zhuhai Terminal proudly became the top LPG importer (about 37% of Guangdong's total import volume) and the top exporter (about 64% of Guangdong's total import export volume) in 2008.
LPG Business
The Group recorded a total revenue of approximately HK$6,158,614,000 for the year ended 31 December, 2008, a growth of 58.3% comparing with that of previous year. Profit attributable to the equity holders of the Company for the year ended 31 December 2008 amounted to approximately HK$52,911,000, an increase of 4.9% comparing with that of pervious year.
Electronic Business
For year 2008, the turnover of the Group's electronics business amounted to about HK$456,273,000 which doubled that of approximately HK$216,615,000 in 2007. The electronic components trading contributed a turnover of about HK$170,605,000 which was more or less the same as that of 2007. The turnover of cellular phone business surged to about HK$285,668,000, an increase of about 385.5% comparing with that of previous year.
Business Outlook
Zhuhai Terminal is still processing on its application to build two additional 5,000 tons class berths along the terminal's coastal line. The environmental evaluation work has just started in March 2009, and all approvals are anticipated to be in place by mid 2009. Although in the meantime, the economic certainty in the near future can hardly be assured, in order to further strengthen the competitiveness of our Zhuhai Terminal, we shall continue to pursue this project subject to the availability of term bank financing.
For further details of the Group's performance, please refer to the annual report.
updated 4th June, 2009
| © Copyright 1996-2012 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |