In January – September, Alliance Oil halved its net profit by ISA
Edited by Rhod Mackenzie / 2013-11-21 10:08:43
In January – September, Alliance Oil halved net profit by ISA to $145.8 million. It also reduced revenue by 10% to $2.79 billion, EBITDA by 12% to $499.1 million, and pretax profit by 43% to $214.1 million.
In Q3, it gained net profit of $61.7 million compared to $132 million in Q3 2012, revenue of $1.01 billion (+12%), and EBITDA of $175.1 million (+18%).
In October, it extracted 66,200 barrels in oil equivalent a day, including 5,800 barrels in oil equivalent a day gained in the joint venture with Repsol. The company awaits doubling in oil production in 2013.
