Savannah Energy Plc post maiden revenues of US$17.8 million in FY 2019

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Savannah Energy Plc post maiden revenues of US$17.8 million in FY 2019

Savannah Energy Plc (LON: SAVE) has released its preliminary annual results for FY 2019.

  • The company posted maiden revenues of US$17.8 million in FY 2019, which included US$16.9 million of gas sales and US$0.9 million of liquids sales.
  • The company posted a loss after tax of US$96.8million for the reported period as compared to US$24.6 million in 2018.
  • Net cash inflow was of US$44.5million as compared to an outflow of US$13.0 million in the previous year.
  • On 31July 2020, at the time of writing, GMT 11:21 AM, SAVE shares were trading at GBX 7.52, down by 0.08 points or 1.05% against the previous day closing price.

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