FieldPoint Petroleum Corp. (FPP) reported full-year 2011 net income of $0.6 million or $0.08 per share, down from $0.8 million or $0.10 per share in the previous year.
The company attributed the decline in earnings to a non-cash charge resulting from the impairment of certain oil and gas properties which reduced net income by over $0.5 million.
Revenues for the full year 2011 rose to $7.2 million from $7.0 million the prior year, reflecting increased oil pricing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.