TriOil Resources Ltd. (TOL.V), Tuesday, reported a lower loss for the fourth quarter.
The Calgary, Alberta-based company reported a fourth-quarter net loss of C$13.19 million or C$0.37 per share, much lower than a net loss of C$37.93 million or C$1.38 per share last year.
Funds from operations, a non-GAAP measure, increased 117 percent to C$3.57 million from C$1.65 million in the prior-year quarter.
Total revenues for the quarter grew 30 percent to C$8.33 million from C$6.43 million in the prior-year quarter.
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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.