Great Eastern Energy Corporation Ltd. (GEEC.L) posted a wider full-year net loss of $2.75 million, compared with $0.26 million last year. Loss per share widened significantly to $0.047 from $0.005 in the previous year.
Total revenue for the year ended March 31, 2012 grew 76% to $23.72 million from $13.48 million a year earlier. On a constant currency basis total revenue has increased 85% to Rs. 1,137 million.
The company said the growth in revenue and profit was as a result of the significant uplift in gas production and corresponding sales. With existing gas sales contracts / MOUs in place, any increase in production is immediately reflected in enhanced revenue, which in turn falls through to enhanced cash flow.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.