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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petro Matad Limited | LSE:MATD | London | Ordinary Share | IM00B292WR19 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 3.39% | 3.05 | 3.00 | 3.10 | 3.30 | 2.95 | 2.95 | 3,649,133 | 11:46:38 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 201k | -2.95M | -0.0026 | -11.73 | 33.97M |
LONDON-- Mongolian oil explorer Petro Matad Ltd (MATD.LN) swung to a full year pretax profit as it benefited from an exit payment related to exit payment related to Royal Dutch Shell PLC's (RDSA.LN) withdrawal from a project in Mongolia.
The company Thursday reported a pretax profit of $10.9 million, compared with a $190,000 loss the previous year.
Petro Matad said 2017 has started well and that it will start drilling a new well in September.
Shares at 0943 GMT, down 2 pence, or 17.7%, at 8 pence valuing the company at GBP24.6 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
(END) Dow Jones Newswires
June 29, 2017 06:00 ET (10:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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