Lundin Petroleum Q2: Ebitda was US $ 107 million (SIX 125) (new)
2015-08-05 07:45
(News supplemented with more details) (SIX) oil company Lundin Petroleum reports operating profit before depreciation and amortization, EBITDA, at $ 107 million (172) for Second quarter 2015th It was 14 percent worse than expectations for EBITDA, which stood at $ 125 million, according to an analyst survey by SIX News / Inquiry Financial. Operating profit (EBIT) was SEK -20 million (134), which compared with analyst expectations of 2 million. The Company's exploration costs amounted to $ 61 million before tax during the quarter, which was offset by a tax benefit approximately 47 million. It was announced even before the report. Although exchange gains of approximately $ 28 million has been granted before the report. Profit before tax was -18 million (69). The expected the result was 2 million. Net profit after minorities was 61 million (-1) and 0.01 dollars per share (0.00). The expected net profit stood at 6 million. The total revenue amounted to SEK 158 million (225). The analysts expected a level of 171 million. Oil production amounted to 28,900 barrels per day during the quarter (25,400), compared with expectations at 30,924 barrels per day. Mikael Larsson, tel +46 31 350 64 88 mailto: mikael.ostman@six-group.se www.blogg.six.seSIXNews SIX News
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