sinopec kantons holdings (934) Snapshot

The Board of Directors of Sinopec Kantons Holdings Limited recommended a dividend of 12 per share payable in cash for the whole year of 2017 against 7 cents per share in 2016, excluding the interim dividend of 5 cents per share in cash for 2017 3.5 cents per share in 2016, paid on October 18, 2017, the final dividend of 7 cents per share in cash for 2017 against 3.5 cents per share in paid in 2016, will be paid to all the shareholders whose names appear in the register of the members of the company on July 13, 2018. The cheques for dividend payment will be sent to shareholders on or about July 23, 2018. The company reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of HKD 1,729,239,000 against HKD 1,766,590,000 a year ago. Operating profit was HKD 747,638,000 against HKD 553,961,000 a year ago. Profit before income tax was HKD 1,427,701,000 against HKD 1,140,303,000 a year ago. Profit for the year was HKD 1,206,656,000 against HKD 1,004,986,000 a year ago. Profit attributable to equity holders of the company was HKD 1,207,928,000 or 48.59 cents per basic and diluted share against HKD 1,005,259,000 or 40.43 cents per basic and diluted share a year ago. Capital expenditures were HKD 50,674,000 against HKD 281,206,000 a year ago. The substantial increases in profit before income tax and profit for the Year were mainly due to the substantially improved operating results of the natural gas pipeline transmission business of the Group in 2017, and the steady growth in investment return from oil terminal associates and joint ventures of the Group in China.

The board of directors of Sinopec Kantons Holdings Limited announced that Ms. Wong Pui Sze Priscilla has been appointed as an independent non-executive Director and a member of each of the audit committee, the remuneration committee and the nomination committee of the company all with effect from 22 March 2018. Ms. Wong is currently an independent non-executive director of Fantasia Holdings Group Co., Limited.

Sinopec Kantons Holdings Limited announced that they will report fiscal year 2017 results on Mar 21, 2018