THE COMPANY: Oil Search (OSH) is one of the bestperforming stocks on the Australian Securities Exchange. Total production for 2013 was 6.74m barrels of oil equivalent, 6% higher than 2012. Revenue rose 6% to $766.3m, driven by a 19% increase in oil and gas sales, offset by a slightly lower realised...
Although still fledgling, Papua New Guinea’s capital markets have strong prospects for growth as the economy looks forward to significant foreign-currency inflows linked to the liquefied natural gas (LNG) project and the development of new resource projects. According to ANZ Bank’s projections for medium-term growth, PNG will require some $...
THE COMPANY: Bank South Pacific (BSP) is the largest bank in Papua New Guinea and the South Pacific. It is a widely recognised brand in the area, and a regional leader in innovation in the financial sector. With the largest branch, rural and electronic banking networks in PNG, Fiji and the Solomon...
THE COMPANY: City Pharmacy Limited (CPL) was established in 1986 and is one of the leading retail/wholesale companies in Papua New Guinea. CPL has a number of pharmacy outlets and retail branches located throughout PNG, and it also operates hardware supply stores and Bon Café outlets. The company...
THE COMPANY: In 2013 Credit Corporation (CCP) reported its group core cash operating profit increased to $34.63m compared to $32.74m in 2012. Net earnings after tax were down 45% to $24.03m. Negative adjustments of $703,245 from investments in traded equities and $2.79m from fair value assessment of...
Formally launched in December 2013, the Bank of Papua New Guinea’s (BPNG) National Financial Inclusion and Financial Literacy Strategy aims to expand the reach of formal financial services to 1m of the previously unbanked, half of which are women, by the end of 2015. While ambitious, the strategy builds on initial successes in rural banking,...
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