Brief: Atlantic Petroleum Q4 EBITDAX loss narrows to DKK 15.5 mln

Atlantic Petroleum P/F

29/03/2017 07:23

March 29 (Reuters) - ATLANTIC PETROLEUM P/F   ATLA.CO  
 
    * RESULT AFTER TAX FOR 2016 WAS A NET PROFIT OF DKK 12.4MM 
(2015: LOSS OF DKK 564.0MM) 
    * COMPANY HAD A GROSS PROFIT OF DKK 61.8MM IN 2016 (2015: 
GROSS LOSS OF DKK 420.7MM) 
    * DOES NOT EXPECT ANY PRODUCTION IN 2017 
    * PAYMENT OF A DIVIDEND IS NOT PROPOSED. 
    * Q4 NEGATIVE REVENUE DKK 0.2 MILLION VERSUS POSITIVE 
REVENUE DKK 23.5 MILLION YEAR AGO 
    * EXPECTS TO DELIVER A POSITIVE RESULT IN 2017 
    * Q4 EBITDAX LOSS DKK 15.5 MILLION VERSUS LOSS DKK 277.2 
MILLION YEAR AGO 
 
Source text for Eikon:  ID:nCSE6QyM  
Further company coverage:  ATLA.CO  
 
 (Gdynia Newsroom) 
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