Carcetti Capital Corp V.CART.H

Profit in First Quarter - News Out

[Goldman1234]

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.

[Roddiggiti]

Cub Energy also had a profit in Q4 2020. So this verifies that it was not a one time earning, but rather a trend now. Q1 2021 doesn't include the positive cash flow from the RK field and Q2 will only have it for half the quarter. So the full potential from that newly producing utility asset won't be seen until the fall.  From the Q4 results: 2021-03-31 11:05 MT - News Release Mr.

[Dragoon]

True. Even more profits before currency exchange. Furthermore, gas prices become better and better. Together with the RK field this will be a solid 2021!