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Longwei Petroleum Investment Holding Limited Message Board

  • umbisam umbisam Nov 26, 2012 7:18 AM Flag

    Last Five Quarters Results

    I am seeing LPH results in last five quarters .....

    Operating : 24,5 -20,4 - 20,9 - 21,4 - 21,0
    Net : 17,8 - 17,2 -14,9 - 15,2 - 17,9

    Impossible to mantain such steady results thru a huge volatility in oil and refineries prices and the delayed effect in the refined oil derivatives govt price fixing.

    Simply impossible.

    Even the worldwide best management would have had a material impact on bottom line. PTR and SNP, just to mention the two largest refiners in China, had triple digit swings in their results over same timeframe ..... in addition, from positive to negative to positive to negative .... here, in LPH, steady and brilliant, always and ever .....

    No red flags for anyone ?

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