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Wow, super good result
Condensed Interim Consolidated Financial Statements For the Three Months Period Ended 31 March 2022
Review of the Group&rsquo s financial performance The Group&rsquo s revenue of US$626.99 million for the three months period ended 31 March 2022 (&ldquo 3M 2022&rdquo ) and USD375.78 million for the three months period ended 31 March 2021 (&ldquo 3M 2021&rdquo ) were derived from the Group&rsquo s fuel distribution business in France and Spain (&ldquo Dyneff Group&rdquo ). The increase in the revenue by 67% for 3M 2022 compared to 3M 2021 were mainly due to the significant increase of the sale volume as a result of surge in demand due to customers&rsquo fears of missing products during market condition of increasing fuel price of which caused by Russia-Ukraine war in the end of February 2022. As such, it could be an exceptional market condition for 3M 2022 and may not be continuing in the future. The costs of sales were increased to US$599.35 million in 3M 2022, an increase of 66% from US$361.41 million in 3M 2021, which was in line with the increase in revenue. Gross profits were increased to US$27.64 million in 3M 2022 compared to US$14.37 million in 3M 2021. The increase in gross profits by 92% were mainly attributable to the increase in revenue and improved in gross profits margin by 0.6% from 3.8% in 3M 2021 to 4.4% in 3M 2022 by Dyneff Group as a result of abovementioned particular market condition.
The Group recorded a net profit of US$6.39 million for 3M 2022 compared to a net loss of US$0.74 million for 3M 2021. These were attributable to the increase in revenue by the fuel distribution business, partially offset by the increase of overall selling and distribution, operating and finance expenses.
31 Mar 2022 1 Mar 2021 increase/(decrease)
US$&rsquo 000 US$&rsquo 000 %
Profit/(Loss) for the period 6,393 (744) NM
https://links.sgx.com/1.0.0/corporate-announcements/9ZEB9P59WMC0H1GC/717154_AAI%20-%201Q%20FY%202022.pdf
Review of the Group&rsquo s financial performance The Group&rsquo s revenue of US$626.99 million for the three months period ended 31 March 2022 (&ldquo 3M 2022&rdquo ) and USD375.78 million for the three months period ended 31 March 2021 (&ldquo 3M 2021&rdquo ) were derived from the Group&rsquo s fuel distribution business in France and Spain (&ldquo Dyneff Group&rdquo ). The increase in the revenue by 67% for 3M 2022 compared to 3M 2021 were mainly due to the significant increase of the sale volume as a result of surge in demand due to customers&rsquo fears of missing products during market condition of increasing fuel price of which caused by Russia-Ukraine war in the end of February 2022. As such, it could be an exceptional market condition for 3M 2022 and may not be continuing in the future. The costs of sales were increased to US$599.35 million in 3M 2022, an increase of 66% from US$361.41 million in 3M 2021, which was in line with the increase in revenue. Gross profits were increased to US$27.64 million in 3M 2022 compared to US$14.37 million in 3M 2021. The increase in gross profits by 92% were mainly attributable to the increase in revenue and improved in gross profits margin by 0.6% from 3.8% in 3M 2021 to 4.4% in 3M 2022 by Dyneff Group as a result of abovementioned particular market condition.
The Group recorded a net profit of US$6.39 million for 3M 2022 compared to a net loss of US$0.74 million for 3M 2021. These were attributable to the increase in revenue by the fuel distribution business, partially offset by the increase of overall selling and distribution, operating and finance expenses.
31 Mar 2022 1 Mar 2021 increase/(decrease)
US$&rsquo 000 US$&rsquo 000 %
Profit/(Loss) for the period 6,393 (744) NM
https://links.sgx.com/1.0.0/corporate-announcements/9ZEB9P59WMC0H1GC/717154_AAI%20-%201Q%20FY%202022.pdf
Up very slow cannot earn much
sncm3425 ( Date: 18-Mar-2022 09:33) Posted:
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Oil price slowly inching up. Think I will put some money to bet on this. Should go beyond 0.026
where is low low
Some movements
AnAn acquired a small oil refinery company worth USD1.204m
Accumulating
ykjuay ( Date: 10-Mar-2022 11:45) Posted:
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0.023 worth a punt for now
The oil price dropped back. Germany refused to stop buying Russia gas and oil. Oil price may ease. This stock may go back 0.22
potential stock, 0.035 could easily hit.....now 0.026
THis counter was previously CEFC. Used to trade as high as $0.30. No consolidation
SmallSmall ( Date: 07-Mar-2022 13:58) Posted:
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anything is possible.....low base ....some accumulation going on...
Day high @ $0.026 on heavy volume. Can see $0.03 later?
chiong ahh
They are doing petro station right?
trader1970 ( Date: 07-Mar-2022 09:54) Posted:
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Yes, with all the heavy weight oilies gone up crazily this morning, the second liners are next to follow,.. My first target has reached. Moving to my second target of 30. WATCH...:)
Accumulate now before is too late....
Accumulate now before is too late....spursfan ( Date: 03-Mar-2022 13:59) Posted:
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FY profit up 95%. interest n share price starting to show recovery.
Potential to touch 22/23 for ST target...
Oilies play... WATCH this...:)