Diversified Gas & Oil Plc reports 11% increase in adjusted EBITDA H1 2020

  • Aug 10, 2020 BST
  • Team Kalkine
Diversified Gas & Oil Plc reports 11% increase in adjusted EBITDA H1 2020

 

Diversified Gas & Oil Plc (LON: DGOC) has released results for the six months ended 30 June 2020.

  • The company’s adjusted EBITDA for the reported period stood at $146 million, up by 11 per cent of $131 million in 1H 2019.
  • Net income of the company slumped by 71 per cent to $18 million from $62 million of 1H 2019.
  • Reflecting the Board's confidence in the company's outlook, 2Q20 interim dividend of $0.0375 per share was announced, an increase of 7 per cent from $0.035 of 1Q2020.
  • On 10August 2020, at the time of writing, GMT 09:42 AM, DGOC shares were trading at GBX 101.60, up by 2.10 points or 2.11% against the previous day closing price.

 

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