Chagala Group Limited Annual Financial Report (7067U)

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RNS Number : 7067U

Chagala Group Limited

16 July 2018

Date - July 16, 2018

Chagala Group Limited

('Chagala' or 'the Company' or 'the Group')

Full year results for the year ended 2017

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 2017.

 
 Financial Highlights               2017   2016 
  Figures in USD million 
 Revenue                            19.1   20.3 
      Room and rent revenue         14.5   15.6 
       Food and beverage revenue     2.3    2.6 
        Other revenue                2.3    2.1 
 EBITDA                              6.4    7.7 
 Operating profit                    3.6    4.4 
 Net profit                          0.9    0.8 
 Total Assets                       87.7   92.1 
 

Svetlana Mendesh, Group's Chief Financial Officer, said

"At a time when global uncertainty, economic slowdown in the region and unstable financial markets continue to challenge the industry we operate in, Chagala Group achieved strategic objectives set by stakeholders, and delivered the required operating and financial results to continue into a healthy future. This solid performance and the stability of our growth continue to make Chagala Group a partner of choice for shareholders and clients.

I wish to thank all our employees for their hard work and help in building a great company fit for the demands of the constantly changing market. And I would like to thank our customers, shareholders and partners for their continued trust and support."

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For additional information please contact the Chagala Group at:

Telephone: [phone]

Email: [e-mail]

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July 16, 2018 03:00 ET (07:00 GMT)