Brief: IDG Energy Investment Sees HY Net Profit Of About HK$4.3 MLN

Productive Technologies

08/11/2019 12:43

Nov 8 (Reuters) - IDG Energy Investment Ltd  0650.HK :
    * EXPECTED TO RECORD A NET PROFIT OF APPROXIMATELY HK$4.3
MILLION
FOR SIX MONTHS
    * ESTIMATED RESULT DUE TO DECREASE IN INVESTMENT INCOME
GENERATED
FROM LNGL INVESTMENT
    * EXPECTED NET PROFIT PROFIT REPRESENTS A SUBSTANTIAL
DECREASE
COMPARED TO NET PROFIT OF ABOUT HK$74.8 MILLION YEAR AGO
    * MAGNOLIA LNG LLC HAD SECURED A MEMORANDUM OF UNDERSTANDING
WITH
DELTA OFFSHORE ENERGY PTE LTD
    * MAGNOLIA WILL SUPPLY TWO (2) MILLION TONNES PER ANNUM OF
LNG TO
DELTAOE'S PROJECT IN VIETNAM FOR A TERM OF AT LEAST 20 YEARS

Source text for Eikon:  ID:nHKS52qym2 
Further company coverage:  0650.HK 

 ((Reuters.Briefs@thomsonreuters.com;))