
26 Mar 2024
Genel Energy (GENL LN) - Full year 2023 results
Genel has released its full year 2023 results. The January trading statement has already given guidance on several key metrics, and the results today reflect this. Expenditure was significantly reigned in during the year after the export pipeline was closed in March 2023, and material local oil sales have now helped the company move into a cash flow neutral position while resumption of exports is awaited.

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Genel Energy (GENL LN) - Full year 2023 results
Genel Energy PLC (GENL:LON) | 52.4 0.5 1.7% | Mkt Cap: 146.5m
- Published:
26 Mar 2024 -
Author:
Daniel Slater, CFA -
Pages:
5 -
Genel has released its full year 2023 results. The January trading statement has already given guidance on several key metrics, and the results today reflect this. Expenditure was significantly reigned in during the year after the export pipeline was closed in March 2023, and material local oil sales have now helped the company move into a cash flow neutral position while resumption of exports is awaited.