New Zealand Oil & Gas has reported a net profit after tax of NZ$15.7 million for the six months to 31 December 2021, a $58.0 million improvement on the loss of $42.3 million in the corresponding period last year.
Revenue of $33.0 million was up 106% on the prior comparative period, and the Group’s cash balance was $33.4 million at the end of December.
The Group is now reviewing funding options to take advantage of the growth opportunities in the portfolio.
See more
