Plus   Neg

FieldPoint Petroleum FY11 Profit Declines

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT