IPCO has completed the sale of 120,000,000 ordinary shares in the share capital of Magnus Energy Group Limited (formerly known as Strike Engineering Limited) (the "Sale Shares") to Powerlite Ventures Ltd (the "Purchaser") on 6 April 2006. This is in line with IPCO 's direction to streamline its business and dispose those that are not reaping returns.
Empire Holding
IPCO has not expected Empire to contribute to revenue and earnings for this FY.
As natural gas industry is into the energy sector, the performance greatly depends on
the demand of usage. Therefore, i view this investment as a long term investment on IPCO part, as infrastructure of this need time to construct.
Asia Plan
I would expect more revenue and earnings to contribute from Asia Plan.
This is due to the fact that the prices of properties in US has risen over the last few years.
With the investment of properties in 2003, now is a great time for IPCO to sell some units under devlopement.
ESA
ESA should be able to fulfil the profit guartnee of $7 million b4 tax.
In summary, i expect the performance of IPCO of 2H to be better than the 1H.
Therefore, IPCO should be able to restore confidence in shareholders after close to 3 yrs of restructuring.
Empire Holding
IPCO has not expected Empire to contribute to revenue and earnings for this FY.
As natural gas industry is into the energy sector, the performance greatly depends on
the demand of usage. Therefore, i view this investment as a long term investment on IPCO part, as infrastructure of this need time to construct.
Asia Plan
I would expect more revenue and earnings to contribute from Asia Plan.
This is due to the fact that the prices of properties in US has risen over the last few years.
With the investment of properties in 2003, now is a great time for IPCO to sell some units under devlopement.
ESA
ESA should be able to fulfil the profit guartnee of $7 million b4 tax.
In summary, i expect the performance of IPCO of 2H to be better than the 1H.
Therefore, IPCO should be able to restore confidence in shareholders after close to 3 yrs of restructuring.
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