Brief: Atlantic Petroleum 2019 Result Before Tax Swings To Loss Of DKK 67.6 mln

Atlantic Petroleum P/F

01/04/2020 09:06

April 1 (Reuters) - Atlantic Petroleum P/F  ATLA.CO :
    * REPORTED ON TUESDAY RESULT AFTER TAX FOR 2019 WAS A NET
LOSS OF
DKK 63.8MM
    * HAD A GROSS PROFIT OF DKK 0MM IN 2019 (2018: GROSS PROFIT
OF DKK
0MM)
    * DEPENDING ON PRODUCTION AND DEVELOPMENT IN OIL PRICES,
ATLANTIC
PETROLEUM IS EXPECTING TO BE CASH GENERATING IN 2020
    * CASH AND CASH EQUIVALENTS TOTALLED DKK 0.0MM AT END OF
2019
(2018: DKK 0.3MM)
    * LOSS BEFORE TAXATION TOTALLED DKK 67.6MM IN 2019 (2018:
PROFIT
OF DKK 32.7MM)

Source text for Eikon:  ID:nGNE1HGpT3 
Further company coverage:  ATLA.CO 

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