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Business Description: Energy World Corporation Ltd (EWC) is an integrated energy company based in Hong Kong and listed in Australia and New Zealand and is primarily engaged in the production and sale of power and natural gas. EWC has gas and power operations located at Sengkang, South Sulawesi in Indonesia, and produces gas, power and LNG in Australia.
Strategy Analysis: EWC is pursuing the development of a 56,000 TPA LNG processing plant in Gilmore, Queensland, Australia. In Australia, EWC is carrying out a feasibility study and conducting preliminary discussions regarding their proposal to
build a modular LNG train, LNG storage tank and export facility at the Port of Abbot Point on the north Queensland
coast. EWC is also evaluating the supply of gas to the Queensland LNG Facilities from their Gilmore Gas Field and Eromanga Gas Field at a later phase of development.
Energy World Corporation reported NPAT up 34.96% to US$27.11m for the year ended 30 June 2011. Revenues from ordinary activities were US$110.32m, up 18.04% from last year. Basic and Diluted EPS was 1.74 US cents compared to 1.29 US cents last year. Net operating cash flow was US$48.42m compared to US$26.12m last year. No dividend was declared.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
Sydney Morning Herald 3/02/2012 | THE Telstra director Geoffrey Cousins has called on large shareholders in Fairfax Media to block Gina Rinehart from gaining a board seat.
Sydney Morning Herald 3/02/2012 | The publisher and direct marketer PMP has cut its earnings guidance and implemented further restructuring because of poor trading conditions and weaker printing orders. The news sent shares to a two-year low, down 4?, or 8.3 per cent, at 44?. Print markets in both Australia and New Zealand have suffered with existing customers using the services less, and intense competition for new contracts resulting in lower margins. Earnings before interest and tax, and before significant items, are now ...
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