EDINBURGH (dpa-AFX) - Capricorn Energy PLC (CNE.L), an oil and gas exploration and production company, reported Tuesday that its fiscal 2021 profit before tax from continuing operations was $873.7 million, compared to last year's loss of $157.2 million.
Earnings per share were 175.82 US cents, compared to loss of 67.58 US cents a year ago.
The latest results reflected India tax refund. Following the resolution in 2021 of the India tax dispute, Capricorn received a tax refund of $1.06 billion from the Government of India in the first quarter of 2022.
Operating loss was $131 million, compared to prior year's restated operating loss of $130 million.
Revenue was $57.1 million, compared to last year's $0.4 million. Revenue from production was $56.2 million.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
