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Tuesday, 02 December, 2008, 13:20 GMT | more >>

PA Resources enjoys profit leap



By Upstream staff 

Sweden's PA Resources said today its profit for the second quarter of 2007 jumped 308% on the same period a year ago to Skr314.3 million ($45.26 million).

Group revenue during the quarter was Skr862.5 million, up from Skr208.2 million a year ago. The revenue refers to sales of oil.

Operating profit for the quarter was Skr573.9 million, up from Skr104.3 million a year ago, and the operating profit margin became 67%, up from 50%.


Wednesday, 22 August, 2007, 09:19 GMT  | last updated: Wednesday, 22 August, 2007, 09:20 GMT

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