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hoifu energy group ltd (7) Details

Hoifu Energy Group Limited, together with its subsidiaries, is engaged in the trading of natural resources and petrochemicals; oil and gas exploration and production; and the provision of financial services. The company operates through three segments: Trading Business; Mineral Mining, Oil and Gas Business, and Financial Business. The Trading Business segment sells natural resources and petrochemicals in the People’s Republic of China and Hong Kong. The Mineral Mining, Oil and Gas Business segment explores for and produces mineral, oil, and gas. It mines minerals in Kenya and produces oil and gas in Egypt, Tunisia, and Madagascar. The Financial Business segment provides financial services, including stock broking, futures and options broking, mutual funds, insurance-linked investment plans, and corporate financial services and immigration consultancy services, securities margin financing, and money lending in Hong Kong. The company was formerly known as Karl Thomson Holdings Limited and changed its name to Hoifu Energy Group Limited in January 2013. The company was founded in 1989 and is headquartered in Sheung Wan, Hong Kong. Hoifu Energy Group Limited is a subsidiary of Triumph Energy Group Limited.

212 Employees
Last Reported Date: 04/28/16
Founded in 1989

hoifu energy group ltd (7) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: $650.0K
Co-Founder and Executive Director
Total Annual Compensation: $2.8M
Co-Founder and Executive Director
Total Annual Compensation: $984.0K
Chairman and Chairman of Nomination Committee
Total Annual Compensation: $800.0K
Deputy Chairman
Total Annual Compensation: $807.0K
Compensation as of Fiscal Year 2015.

hoifu energy group ltd (7) Key Developments

Hoifu Energy Group Limited Announces Audited Consolidated Cash Flow Results for the Year Ended December 31, 2015

Hoifu Energy Group Limited announced audited consolidated cash flow results for the year ended December 31, 2015. For the year, the company reported net cash used in operating activities was HKD 139,369,000 compared to HKD 17,256,000 a year ago. Purchase of fixed assets was HKD 2,593,000 compared to HKD 1,137,000 a year ago.

Hoifu Energy Group Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Hoifu Energy Group Limited announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported revenue of HKD 171,996,000 against HKD 313,127,000 a year ago. Loss from operation was HKD 22,906,000 against HKD 35,748,000 a year ago. Loss before taxation was HKD 28,591,000 against HKD 39,474,000 a year ago. Loss for the year attributable to owners of the company was HKD 36,480,000 against HKD 37,756,000 a year ago. The improvement was mainly due to (i) the increase in other gains from gain on bargin purchase results from completion of the acquisition of 55% equity interest in Hebei Panbao Zeolite Technology Co., Ltd; and (ii) additional revenue and profits being generated from the business of a newly acquired subsidiary, which is Hebei Panbao. Basic loss per share was HKD 0.0225 against HKD 0.0249 a year ago.

Hoifu Energy Group Limited to Report Fiscal Year 2015 Final Results on Mar 30, 2016

Hoifu Energy Group Limited announced that they will report fiscal year 2015 final results on Mar 30, 2016

 

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