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May 05, 2015 2:56 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Confidence Petroleum India Ltd.

Company Overview

Confidence Petroleum India Limited produces and sells liquefied petroleum gas (LPG) cylinders and CNG/high pressure cylinders in India. The company also blends and bottles LPG; cracks crude oil and ethanol; supplies auto LPG under the GoGas brand name, as well as LPG/CNG meters in multistory buildings and townships; and provides auto LPG logistics/transportation and storage services. In addition, it owns and operates 96 auto LPG dispensing stations. The company was incorporated in 1994 and is based in Nagpur, India.

404 Satyam Apartment

8 Wardha Road

Dhantoli

Nagpur,  440012

India

Founded in 1994

Phone:

91 71 2325 0318

Fax:

91 71 2661 2083

Key Executives for Confidence Petroleum India Ltd.

Chairman, Chief Executive Officer, Managing Director, Member of Management Committee and Member of Shareholders & Investors Grievance Committee
Total Annual Compensation: $250.0K
Chief Financial Officer, Executive Director, Member of Management Committee and Member of Audit Committee
Age: 47
Total Annual Compensation: $150.0K
Executive Director and Member of Remuneration Committee
Age: 53
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2014.

Confidence Petroleum India Ltd. Key Developments

Confidence Petroleum India Ltd. Appoints Vinita Kanhayalal Jhariya as Additional Director

Confidence Petroleum India Ltd. has announced that the board of directors of the company at its meeting held on March 31, 2015, has been considered, approved the appointment of Mrs. Vinita Kanhayalal Jhariya, woman additional director of the company with effect from March 31, 2015 to hold office till the conclusion of next annual general meeting of the company.

Confidence Petroleum India Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Confidence Petroleum India Ltd. announced unaudited standalone and consolidated earnings results for the fourth quarter and year ended December 31, 2014. On standalone basis, for the quarter, the company reported net sales/income from operations of INR 539.176 million against INR 609.174 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 23.985 million against INR 32.996 million a year ago. Profit from ordinary activities before tax was INR 0.662 million against INR 1.070 million a year ago. Net loss for the period was INR 225.856 million or INR 0.87 per basic and diluted share against net profit for the period of INR 0.746 million or INR 0.00 per basic and diluted share a year ago. On standalone basis, for the nine months, the company reported net sales/income from operations of INR 1,749.789 million against INR 1,776.590 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 52.954 million against INR 99.699 million a year ago. Loss from ordinary activities before tax was INR 16.664 million against profit from ordinary activities before tax of INR 2.367 million a year ago. Net loss for the period was INR 237.932 million or INR 0.92 per basic and diluted share against net profit for the period of INR 1.650 million or INR 0.01 per basic and diluted share a year ago. On consolidated basis, for the quarter, the company reported net sales/income from operations of INR 650.095 million against INR 681.212 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 27.267 million against INR 36.869 million a year ago. Profit from ordinary activities before tax was INR 2.064 million against INR 1.455 million a year ago. Net loss for the period was INR 224.454 million or INR 0.87 per basic and diluted share against net profit for the period of INR 0.927 million or INR 0.00 per basic and diluted share a year ago. On consolidated basis, for the nine months, the company reported net sales/income from operations of INR 2,045.942 million against INR 1,993.915 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 59.507 million against INR 105.151 million a year ago. Loss from ordinary activities before tax was INR 15.750 million against INR 1.037 million a year ago. Net loss for the period was INR 241.080 million or INR 0.93 per basic and diluted share against INR 2.333 million or INR 0.00 per basic and diluted share a year ago.

Confidence Petroleum India Ltd., Board Meeting, Feb 14, 2015

Confidence Petroleum India Ltd., Board Meeting, Feb 14, 2015. Agenda: To consider quarterly results.

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