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
Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk. Canadian pipeline operator Enbridge Inc. said it will cut about 1,000 jobs, or six percent of its workforce, following the completion of its acquisition of Houston-based Spectra Energy Corp. The job cuts will take place across the merged company.
comments powered by Disqus
Follow RTT