logo
Share SHARE
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
TerraForm Global, Inc., an operator of clean energy power plants, said Monday that it has signed an exclusivity agreement with Brookfield Asset Management Inc. to negotiate a potential business combination between them. Shares of TerraForm Global are gaining more than 6 percent in pre-market activity following the announcement. Fast food giant McDonald's Corp. (MCD) on Monday reported a 1 percent decline in profit for the fourth quarter from last year on lower revenues due to the impact of refranchising. However, both revenue and earnings per share beat analysts' expectations. The Oak Brook, Illinois-based hamburger chain... U.S. authorities are investigating Yahoo Inc. for not disclosing the two massive data breaches sooner to investors, the Wall Street Journal reported, citing people familiar with the matter. It is expected that such a move could help clarify the timeline for companies to reveal such hacks.
comments powered by Disqus
Follow RTT