SDX Energy has reported its Q1 2017 earnings. The company has reported a comprehensive profit of US$26.9 million which was predominantly due to a gain on the acquisition of the Egyptian and Moroccan operations of Circle Oil in January 2017. The company had an underlying netback of US$6.1 million over the period. The company also noted a strengthening of its balance sheet with net cash increasing to US$21.1 million up from US$18.3 million at the end of February (after its placing). These resul
19 May 2017
Q1 2017 Earnings
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Q1 2017 Earnings
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.47m
- Published:
19 May 2017 -
Author:
Peter Hitchens -
Pages:
5
SDX Energy has reported its Q1 2017 earnings. The company has reported a comprehensive profit of US$26.9 million which was predominantly due to a gain on the acquisition of the Egyptian and Moroccan operations of Circle Oil in January 2017. The company had an underlying netback of US$6.1 million over the period. The company also noted a strengthening of its balance sheet with net cash increasing to US$21.1 million up from US$18.3 million at the end of February (after its placing). These resul