NZO Reports Double-Digit Decline in Operating Cashflow

  • Jul 31, 2020 NZST
  • Team Kalkine
NZO Reports Double-Digit Decline in Operating Cashflow

For the quarter ended 30 June 2020, New Zealand Oil & Gas Limited (NZX:NZO) reported a cash balance of $110.7 million, down from the previous quarter balance of $115.5 million.

Operating cash flow was down by 37% than the previous quarter, and administration costs were 14% lower than the previous quarter, due to low corporate activity as the covid-19 lockdown affected office overheads.

The company has decided to release its full-year financial results on 31st August 2020.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK