NZOG narrows first-half loss after restructured portfolio ready for growth

Mon, 26 Feb 2018

By Paul McBeth Feb. 27 (BusinessDesk) - New Zealand Oil & Gas, which is now controlled by OG Oil & Gas, narrowed its first-half loss having largely completed an overhaul of its portfolio that's left a series of impairment charges and unprofitable businesses in the past. The Wellington-based company reported a loss attributable to shareholders of $2.5 million, or 1.5 cents per share, in the six months ended Dec. 31, narrowing a loss of $18 million, or 5.3 cents, a year earlier, it said in a statement. The year-earlier period included a $7...

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