December 24, 2014 11:35 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
Total Annual Compensation: $250.0K
Chief Financial Officer
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. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Confidence Petroleum India Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, on standalone basis, the company reported net sales/income form operations of INR 516.737 million against INR 693.876 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7.937 million INR 21.032 million a year ago. Loss from ordinary activities before tax was INR 15.365 million against INR 1.960 million a year ago. Net loss for the period was INR 10.709 million against INR 1.366 million a year ago. Basic and diluted loss per share before extraordinary items was INR 0.04 against INR 0.01 a year ago. For the six months, on standalone basis, the company reported net sales/income form operations of INR 1,210.612 million against INR 1,167.415 million a year ago. profit from operations before other income, finance costs and exceptional items was INR 28.969 million against INR 66.703 million a year ago. loss from ordinary activities before tax was INR 17.325 million against profit from ordinary activities before tax of INR 1.297 million a year ago. Net loss for the period was INR 12.076 million against net profit for the period of INR 0.904 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.05 against INR 0.02 a year ago. For the quarter, on consolidated basis, the company reported net sales/income form operations of INR 627.656 million against INR 768.190 million a year ago. profit from operations before other income, finance costs and exceptional items was INR 11.220 million INR 21.020 million a year ago. loss from ordinary activities before tax was INR 13.962 million against INR 3.852 million a year ago. Net loss for the period was INR 13.368 million against INR 3.191 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.05 against INR 0.01 a year ago. For the six months, on consolidated basis, the company reported net sales/income form operations of INR 1,395.846 million against INR 1,312.703 million a year ago. profit from operations before other income, finance costs and exceptional items was INR 32.240 million against INR 68.281 million a year ago. loss from ordinary activities before tax was INR 17.815 million against INR 2.493 million a year ago. Net loss for the period was INR 16.625 million against INR 3.260 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.06 against INR 0.02 a year ago.

Confidence Petroleum India Ltd., Board Meeting, Sep 30, 2014

Confidence Petroleum India Ltd., Board Meeting, Sep 30, 2014. Agenda: To approve unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2014.

Confidence Petroleum India Ltd., Annual General Meeting, Sep 30, 2014

Confidence Petroleum India Ltd., Annual General Meeting, Sep 30, 2014.

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