Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ophir Energy Reports Narrower Loss For FY 2011 - Quick Facts

Ophir Energy Plc (OPHR.L) Wednesday released the financial results for the year ended 31 December 2011, stating that loss for the year narrowed slightly from previous year, partially aided by the gain on farm out.

The company reported a loss from continuing operations of $19.07 million, or loss of $0.05 per share, slightly narrower than a net loss of $19.28 million. or $0.06 loss per share, reported for the previous year.

The company reported total revenue from continuing operations of $14.68 million, sharply higher than $533,000 reported for the previous year.

The revenue for the year included a gain on farm out of $13.84 million realized during the year.

Click here to receive FREE breaking news email alerts for Ophir Energy PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors. Stocks continue to show a lack of direction in mid-day trading on Tuesday following the long, holiday weekend. Even with the lackluster performance, the markets are largely holding on to the bulk of their recent gains. After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.