Energean Oil & Gas Plc Sales Revenue Surges By 52% in H1 2019

  • Sep 12, 2019 BST
  • Team Kalkine

Energean Oil & Gas Plc (LSE: ENOG), for the half-year ended 30 June 2019, has reported a 52.1 per cent rise in sales revenue to $40.0 million as compared to $26.3 million in H1 2018. Operating profit of the company, however, declined drastically by 62.2 per cent to $3.9 million as compared to $10.2 million in H1 2018. On the operational front, the company during the reported period acquired Edison E&P for $750 million of up-front consideration.

On 12th September 2019, at the time of writing, GMT 12.30 PM, ENOG shares were trading at GBX 950.00, down by 46.00 points or 4.62% against the previous day closing price.

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