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MATD Petro Matad Limited

3.05
0.10 (3.39%)
Last Updated: 11:46:38
Delayed by 15 minutes
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

Petro Matad Swings to Fiscal Year Pretax Profit

29/06/2017 11:15am

Dow Jones News


Petro Matad (LSE:MATD)
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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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