Simply Construction

[Insurance]

Company has filed its financial results for the six months ended June 30, 2020 with the SEC on Friday, November 27th NEW YORK, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the check out your url Port of Fujairah in the United Arab Emirates (“UAE”), will host a conference call on Monday, November 30, 2020 at 8 a.m. Eastern time / 5:00 p.m. UAE time to discuss its financial results for the six months ended June 30, 2020 and provide a shareholder update. Following management’s prepared remarks there will be a question and answer session to address any queries investors have regarding the Company’s reported results.  The Company, today, Friday, November 27, 2020 has submitted its six month financials results to the SEC. A dial-in replay of the call will also be available, to those interested, until December 7, 2020. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 13713748. Brooge Energy conducts all of its business and operations through its wholly-owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”), Fujairah Free Zone Entities. Brooge Energy is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. Its oil storage business differentiates itself from competitors by providing customers with fast order processing times, excellent customer service and high accuracy blending services with low oil losses.

https://www.globenewswire.com/news-release/2020/11/27/2135541/0/en/Brooge-Energy-to-Host-Financial-Results-and-Shareholder-Update-Conference-Call-on-Monday-November-30th-at-8-a-m-ET.html

That's due to increased revenues from the last quarter, investments performing better than expected, higher revenue from gaming, and federal government transfers. The revenue forecast for the current budget cycle is $41.4 billion, almost $3 billion higher than last quarter. Revenues from non-renewable resources are forecasted to drop by $3.4 billion to $1.7 billion. Alberta should face a recession that isn't as bad as what was projected initially. The province's GDP is set to shrink by 8.1 per cent in 2020, instead of the 8.8 per cent that had been originally expected. Next year, our GDP is expected to grow by 4.4 per cent. "We're seeing some hopeful signs that recovery is starting ... but it will take some time to get to where we were in 2019,” Toews said. But while there are signs of hope, COVID-19 is still deeply impacting the provincial financial outlook. COVID-19 related operating costs rose from $500 million to $3.5 billion over the last quarter, including $1 billion in costs for healthcare and $600 million for municipalities.

https://www.stalberttoday.ca/local-news/finance-minister-optimistic-about-albertas-finances-2911070