TriOil Resources Ltd. (TOL.V: Quote), 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.
by RTT Staff Writer
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