Gulf Keystone Petroleum Ltd Revenue Declines To $95.6 Million In H1FY19

  • Sep 10, 2019 BST
  • Team Kalkine

Gulf Keystone Petroleum Ltd (LSE: GKP), for the half-year ended 30 June 2019 has reported a decline in revenue to $95.6 million as compared to $116.2 million in H1 2018. EBITDA of the company too came in lower at $59.0 million as compared to $61.6 million in H1 2018. Profit after tax for the period was recorded at $24.2 million as compared to $26.7 million of H1 2018. On the operational front, reflecting the positive results from the workover campaign and facilities debottlenecking at PF-1, an average production during August was reported at 39,269 bopd.

On 10th September 2019, at the time of writing, GMT 11:19 AM, GKP shares were trading at GBX 234.00, down by 9.00 points or 3.70% against the previous day closing price.

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