FONT-SIZE Plus   Neg

Afren 2011 Pretax Profit Surges - Quick Facts

Afren plc (AFR.L) Tuesday posted a sharply higher 2011 pretax profit of $221 million, compared to the prior-year's $79 million. Per-share earnings went up to 11.5 cents from 4.8 cents, with earnings from continuing operations of 11.9 cents per share in 2011 and 4.9 cents per share a year ago.

Revenue for the period was $596.7 million, rising from 2010's $319.4 million, reflecting start of production at the Ebok field. The company's 2011 revenues estimate, as of January 23, 2012, saw revenues of around $600 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing... Campbell Soup Co. (CPB) reported first-quarter adjusted earnings per share of $0.95, an increase of 22 percent from $0.78, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special...
comments powered by Disqus
Follow RTT