Chagala Annual Report 2017

 Chagala Group Limited

(‘Chagala’ or ‘the Company’ or ‘the Group’)

Full year results for the year ended 2017

 

Chagala Group Limited, the London-listed investor in specialist services and facilities providers to the oil and gas industries in Kazakhstan (symbol: CGLO), is pleased to announce today its annual results for 2017.

 

Financial Highlights Figures in USD million 2017 2016
Revenue 19.1 20.3
      Room and rent revenue 14.5 15.6
      Food and beverage revenue

Other revenue

2.3

2.3

2.6

2.1

EBITDA 6.4 7.7
Operating profit 3.6 4.4
Net profit 0.9 0.8
Total Assets 87.7 92.1

 

Svetlana Mendesh, Group’s Chief Financial Officer, said

“At a time when global uncertainty, economic slowdown in the region and unstable financial markets continue to challenge the industry we operate in, Chagala Group achieved strategic objectives set by stakeholders, and delivered the required operating and financial results to continue into a healthy future. This solid performance and the stability of our growth continue to make Chagala Group a partner of choice for shareholders and clients.

I wish to thank all our employees for their hard work and help in building a great company fit for the demands of the constantly changing market. And I would like to thank our customers, shareholders and partners for their continued trust and support.”

Please see the financial reports page to access the Annual Report 2017.

 

END

 

For additional information please contact the Chagala Group at:

Telephone: +7 727 355 04 84

Email: f.parrilla@chagalagroup.com

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