P/F Atlantic Petroleum Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported revenue of DKK 6,628,000 against DKK 10,430,000 a year ago. Operating loss was DKK 4,291,000 against DKK 8,101,000 a year ago. Loss before taxation was DKK 10,463,000 against profit before taxation of DKK 5,312,000 a year ago. Loss after taxation was DKK 9,596,000 against profit after taxation of DKK 28,194,000 a year ago. Diluted and basic loss per share was DKK 2.29 against basic and diluted earnings per share of DKK 7.62 a year ago. LBITDAX was DKK 33,151,000 against EBITDAX of DKK 5,555,000 a year ago. Net cash used in operating activities was DKK 1,599,000 against DKK 53,838,000 a year ago.
The company expects to show a net profit for the full year 2017.