Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . UNITED ENERGY GROUP LIMITED 聯合 能源 集團 有限公司 * ( Incorporated in the Cayman Islands and continued in Bermuda with limited liability ) ( Stock Code : 467 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021 FINANCIAL HIGHLIGHTS Six months ended 30 June 2021 2020 Change HK $ ' 000 HK $ ' 000 % Results Turnover 3,456,367 2,865,634 +20.6 Gross profit 1,504,883 889,872 +69.1 EBITDA ( Note 1 ) 2,605,374 2,209,877 +17.9 Profit for the period 958,735 423,264 +126.5 Profit for the period attributable to owners of the Company Basic earnings per share ( HK cents ) 958,735 423,264 +126.5 3.66 1.61 +127.3 30 June 31 December 2021 2020 Change HK $ ' 000 HK $ ' 000 % Key items in Consolidated Statement of Financial Position Equity attributable to owners of the Company 13,244,010 12,907,170 +2.6 Total assets 24,161,451 24,941,385 -3.1 13,250,806 12,915,792 +2.6 Net assets OPERATION HIGHLIGHTS Six months ended 30 June 2021 2020 Change % Average Daily Working Interest Production ( boed ) ( Note 2 ) Pakistan Assets 47,729 59,707 -20.1 MENA Assets 43,706 35,213 +24.1 Iraq 30,329 21,026 +44.2 Egypt 13,377 14,187 -5.7 Note : 1 . 2 . EBITDA represents the profit before finance costs , income tax expense , depreciation and amortisation , gain on disposal of subsidiaries , share of profits / losses of associates , reversals of impairment losses on / impairment losses for trade receivables and impairment losses for other receivables . Working interest production represents Group's proportion prior to application of the state share under the concession agreements governing the assets . * For identification purposes only - 1 -