TSXV:CART.H - Post by User
Post by
Goldman1234on May 26, 2021 6:03pm
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Profit in First Quarter - News Out
Profit in First Quarter - News Out | Cub Energy Returns to Profit in the First Quarter | | 2021-05-26 04:23:30 PM ET (MT Newswires) | | | |
| | | | 04:23 PM EDT, 05/26/2021 (MT Newswires) -- Cub Energy (KUB.V) on Wednesday said it returned to a profit in the first quarter. The Ukrainian natural-gas company said it earned US$0.26 million, or nil per share, in the period, compared with a loss of US$0.71 million, or nil, in the first quarter of 2020. Revenue fell 23% to US$1.75 million on lower gas trading. The company's production fell 14% to 555 barrels of oil equivalent per day. | |