SDX Energy reported its 2017 interim earnings on 25 August. The company has reported a comprehensive income of US$26.5 million for the half year which was predominantly due to a gain on the acquisition of the Egyptian and Moroccan operations of Circle Oil in January 2017. The company also had an underlying netback (revenues less operating costs) of US$13.0 million and a strengthened balance sheet with net cash increasing to US$27.6 million from US$21.1 million at Q1 17, demonstrating the cont
30 Aug 2017
Interim results
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Interim results
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.47m
- Published:
30 Aug 2017 -
Author:
Peter Hitchens -
Pages:
5
SDX Energy reported its 2017 interim earnings on 25 August. The company has reported a comprehensive income of US$26.5 million for the half year which was predominantly due to a gain on the acquisition of the Egyptian and Moroccan operations of Circle Oil in January 2017. The company also had an underlying netback (revenues less operating costs) of US$13.0 million and a strengthened balance sheet with net cash increasing to US$27.6 million from US$21.1 million at Q1 17, demonstrating the cont