Vaalco Energy Q2 Profit Slips

Vaalco Energy Q1 13 Earnings Conference Call At 11:00 AM ET

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8/7/2012 7:23 PM ET

Vaalco Energy Inc. (EGY: Quote) Tuesday reported a decline in profit for the second quarter, due mainly to higher costs and expenses.

The Houston, Texas-based company's attributable net profit for the second quarter was $10.42 million or $0.18 per share, compared to $11.79 million or $0.20 per share last year.

Total revenues for the quarter grew to $58.82 million from $58.55 million in the prior-year quarter.

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