Page 7 - Sphere No.16 (Apr 2006)

Newsbites
Husky Chief
Husky Energy Inc has appointed Robert J.
Peabody Chief Operating Officer, Operations and Refining,
of Husky Oil Operations Limited. He will be responsible for
Husky operating units in Canada, including exploration,
heavy oil and production.
Husky is proceeding with its Sunrise Oil Sands Project
in Alberta and also plans to drill two wells in the Northwest
Territories. The first shipment of crude oil from the White
Rose offshore field has been delivered.
DoubleTriumph
Hongkong
International Terminals
has reason for double
celebrations. It has handled
its 90 millionth container
and also won the Tech-
nology Innovation Award
at the Logistics Awards
Hong Kong 2005. P
ORASCOM
DEAL
Hutchison Whampoa
Limited (HWL) and
Orascom Telecom
Holding have
announced a global
strategic alignment of
their mobile businesses
in emerging markets.
Under the terms of the
agreement, Orascom
has acquired a 19.3%
stake in Hutchison
Telecommunications
International Limited
from HWL for USD1.3
billion (HKD10.1 billion). T
H O N G K O N G
C A N A D A
H O N G K O N G
LET’S TALK
3 Austria CEO Berthold
Thoma (left) and Head of Business
Sales Markus Amatschek try out the
new Nokia E61 business phone.
A U S T R I A
T
SUPER ARNIE
California Governor Arnold Schwarzenegger
paid a visit to the PARKnSHOP Superstore at Causeway Bay
during his visit to Hong Kong in November and was delighted
to find a wide selection of Californian products in the fresh
food section. R
H O N G K O N G
C A N A D A
SPHERE 5
E
Ericsson
Partnership
3 UK
and Ericsson have entered
a seven-year managed
services partnership.
Ericsson will be responsible
for the management of
the 3 network and its IT
infrastructure in the UK and
3 will retain ownership of
the network and IT assets.
U N I T E D K I N G D O M
T
E
HOT HUSKY
Husky Energy Inc reported strong results
for the year 2005, with net earnings up 100% to a record
of CAD2.0 billion (HKD13.4 billion). Sales and operating
revenues in 2005 were CAD10.2 billion, compared with
CAD8.4 billion in 2004.
HIGHLIGHTS
2004 2005
Earnings per share CAD2.37 CAD4.72
Return on equity 17.0% 29.2%
Total company proved and
probable reserve life index 11.5 years 19.7 years
Dividends per share 0.46 0.65
Special dividend per share 0.54 1.00