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Sit Kwong Lam News

27 Feb 2015

Brightoil Reports Steady Growth in Interim Results

Photo: Brightoil Petroleum

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period. During the period, profit attributable to the owners of the group increased 3% year-on-year to HK$561 million. Basic earnings per share amounted to 6.41 HK cents, up 3% from a year ago. Total revenue climbed 11% from HK$40.3 billion in 1HFY2014 toHK$44.9 billion for the period as the twin-engines business model (upstream and mid-downstream businesses) enabled the group to secure steady growth amid volatile oil prices.

10 Jan 2010

Brightoil’s First Ocean Tanker in Singapore

Brightoil Petroleum (Holdings) Limited, one of the largest service providers of marine bunkering in China, announced that the Group has taken delivery of its first ocean-going oil tanker in Singapore purchased in November 2009 for the consideration of $52.5m. The double-hulled aframax oil tanker, with a capacity of 107,500 DWT, has an overall length of 799.8 ft. Built in Japan in 2009, it is coupled with three sets of cargo pumps, each having a discharge rate up to 3,000 m3/hr and hence totaling a maximum discharge rate of 9,000 m3/hr. The vessel is built to Common Structural Rules (CSR), the latest standard for newly-built tankers, featuring increased strength requirements and durability of hull structures to make it safer and more dependable to operate.

02 Mar 2009

Brightoil Petroleum Transforms

Brightoil Petroleum (Holdings) Limited, the largest service provider of marine bunkering in Shenzhen Port and its surrounding areas, announced its interim results as at 31 December 2008. For the six months ended 31 December 2008, the group's revenue surged to HK$2,942,195,000, representing a skyrocketing increase of approximately 237 times as compared to the corresponding period last year. Gross profit posted a year-on-year growth of 1,528% from HK$12,004,000 to HK$195,444,000. Profit attributable to shareholders went up significantly by 232% to approximately HK$168,082,000 and earnings per share jumped by 229% to 13.8 HK cents when compared to the same period of the previous year.