||ORD USD0.40 (DI)
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Chagala Grp Share Discussion Threads
Showing 1 to 2 of 25 messages
Chat Pages: 1
|Video interview with CFO Svetlana Mendesh
Chagala Group Limited (LON:CGLO), which provides services and facilities to Kazakhstan’s oil and gas industry, enjoyed a strong first half of trading in 2016 despite the well-documented problems surrounding the oil price.
“In spite of the world economic crisis and volatile oil prices, the group still demonstrates a stable performance and manages to invest in the development of new projects,” said chief financial officer Svetlana Mendesh.
Mendesh added that a mix of active sales strategies and extensions of several major contracts allowed to Chagala to weather the storm in the first six months of the year.
She also believes that the company “is a really good place to invest for investors who are looking for opportunities in Kazakhstan”.|
Francisco Parrilla, chief executive at Chagala Group PLC (LON:CGLO), says Kazakhstan, where it primarily operates, is full of untapped potential which he hopes the company will benefit from.
“As it becomes a business environment, it’s a land of opportunities,” Parrilla tells Proactive.
“There are so many things that have been done somewhere else that have not been done in Kazakhstan and there are no real barriers to business in [the country] if you have the right advisors.”
Over the coming year, Parrilla adds that Chagala will look to move into countries where most other companies daren’t venture.
Speaking to Proactive, Parilla explains: “We’re in the process of expanding into countries where people don’t see an obvious opportunity
“Like for example Egypt, Bulgaria or Turkey – where everybody thinks is not the right place to invest, we think it’s a good time to invest.”
Chagala Group PLC
Chat Pages: 1