Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

FieldPoint Petroleum FY11 Profit Declines

FieldPoint Petroleum Corp. (FPP: Quote) 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.

Click here to receive FREE breaking news email alerts for fieldpoint petroleum corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
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.