Parkmead’s full-year results show the company in rude health. Buoyed by an £11.8m accounting gain on the disposal of Parkmead (E&P), the company delivered record post-tax profits of £7.35m during the year. Net assets during the period increased by 38% to £27m, including cash on the balance sheet at £13.2m. The company’s retained assets generated some £4m of sales, down YoY due to natural decline at the onshore Dutch gas assets. These (cashflow plus existing resources) provide firepower for furth ....
