Profit
for
2012
totalled
$600
million,
down
7%
on
the
$648.4
million
profit
booked
during
the
previous
year.
The
fall
in
profits
came
despite
revenues
rising
slightly,
from
$1.150
billion
in
2011,
to
$1.155
billion
last
year.
Eating
away
at
the
company’s
revenue
however
was
a
24%
increase
in
the
cost
of
sales
to
$329.2
million,
up
from
$266.5
million
in
2011.
Dragon
attributed
the
rise
in
cost
primarily
to
movement
in
the
lifting
position,
higher
field
operating
costs
and
increased
depletion
charge
during
2012.
This
offset
a
10%
rise
in
gross
field
production
year-on-year,…
