logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
American Express did not violate antitrust laws and can prohibit merchants from steering customers to credit cards with lower transaction fees, a federal appeals court ruled Monday. This ruling reverses an earlier trial court's judgment against the company and directs that court to enter judgment in favor of American Express. General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site.
comments powered by Disqus
Follow RTT