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Indus Gas Ltd on Friday said first half revenues were stable, as production remains in line with expectations.
The oil and gas explorer and developer with assets in India said pretax profit for the first half ended September 30 was $22.8 million, remaining flat $23.0 million a year ago.
The company said revenue was $27.4 million, edging upwards from $27.1 million the year prior.
Chair Jonathan Keeling said: ‘The production from the block resulted in company achieving stable revenues and another profitable half year. Post period end, the company was pleased to achieve a partial refinancing of its medium term notes.’
‘The company is currently producing from the SGL field as well as the SSF & SSG fields, with production in line with current year projections,’ Indus said.
Indus shares were trading at 286.00 pence per share on Friday morning in London.
By Harvey Dorset, Alliance News reporter
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