Singapore's Interra Resources H1 revenue rises on higher oil prices

Interra Resources

13/08/2026 10:36

Overview
Singapore petroleum E&P firm's H1 2026 revenue rose 2% yr/yr on higher oil prices
Net profit for H1 2026 jumped to $1.89 mln from $0.34 mln a year earlier
Company benefited from absence of impairment losses that hit prior periods

Result Drivers
HIGHER OIL PRICES - Co said revenue growth was mainly due to higher average transacted oil prices in H1 2026
ABSENCE OF IMPAIRMENT LOSSES - Co attributed net profit improvement to not recording impairment losses in H1 2026
LOWER PRODUCTION COSTS - Co said gross profit rose due to a 29% decrease in production costs

Company press release: ID:nSN13YPch

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$6.61 mln
 
H1 EPS
 
$0.003
 
H1 Net Income
 
$1.89 mln
 
H1 EBITDA
 
$1.44 mln
 
H1 Gross Profit
 
$3.15 mln
 
H1 Pretax Profit
 
$2.29 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)