see attached...earlier story below Camco Swings to First-Half Profit as Revenue More Than Doubles
By Mathew Carr
Sept. 28 (Bloomberg) -- Camco International Ltd. , the U.K.
manager of carbon-reduction projects whose biggest shareholder
is a fund linked to Al Gore , swung to a profit in the first half
as revenue more than doubled.
Net income was 133,000 euros ($178,000) in the six months
through June, compared with a net loss of 18.3 million euros in
the year-earlier period, the St. Helier, Jersey-based company
said today in a statement.
It received United Nations credits for 4.3 million metric
tons of carbon dioxide, compared with 1 million tons a year
earlier. Revenue jumped to 11 million euros from 5 million
euros.
Camco yesterday rose 24 percent in London trading, the most
since May 2009, after announcing a venture with the investment
holding arm of the Malaysian government to expand its carbon-
trading and renewable energy operations in Asia. It is down 40
percent from a year ago as the recession sapped demand for
emission credits and UN regulators clamped down on supply of new
credits that the company relies on for revenue. Camco was unchanged today at 18 pence, valuing the company
at 31.7 million pounds ($50.06 million).
Generation IM Climate Solution Fund LP owns about 18.3
percent of Camco's shares and is its biggest holder, Bloomberg
data show. The fund is managed by Generation Investment
Management LLP, which is chaired by Gore, the climate campaigner
and former U.S. vice president.
For Related News and Information:
Camco stories CAO LN <Equity> CN <GO>
Camco relative value graph CAO LN <Equity> RVG <GO>
Emissions-trading news NI ENVMARKET <GO>
--Editors: Stephen Cunningham, Alex Devine.
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
+------------------------------------------------------------------------------+
BN 09/28 11:53 *CAMCO INTL.: KHAZANAH NASIONAL BERHAD'S STAKE WILL BE 23.59%
BN 09/28 11:53 *CAMCO INTL: PAYAR INVESTMENTS BOUGHT 19.56% OF SHR CAPITAL
RNS 09/28 11:51 Camco International CAO Holding(s) in Company
+------------------------------------------------------------------------------+
Malaysia's Khazanah Becomes Camco's Biggest Shareholder
2010-09-28 12:56:00.525 GMT
By Mathew Carr
Sept. 28 (Bloomberg) -- Khazanah Nasional Berhad of
Malaysia became the biggest shareholder of Camco International
Ltd. after buying shares on the market yesterday and forming a
venture with the developer of emission reduction projects.
Payar Investments Ltd., a unit of Khazanah, yesterday
bought 34.5 million shares representing 19.56 percent, Camco
said today in a statement distributed by the Regulatory News
Service. After 9.28 million shares received via a joint venture
agreement, Khazanah will own 23.59 percent of the company,
according to the statement. Khazanah is the investment holding
arm of the Malaysian government.
Link to Statement:{NSN L9GGYD3HBS3K <GO>}
Link to Company News:{CAO LN <Equity> CN <GO>}
Link to Company News:{KNBZ MK <Equity> CN <GO>}
For Related News and Information:
Top Stories:{TOP<GO>}
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Rob Verdonck at +44-20-3216-4149 or
rverdonck@bloomberg.net
