EnergyWatch

Atlantic: black figures on the bottom line but negative equity

A small plus on the bottom line has renewed hope at the squeezed oil company. However divestment is expected to help carry the business through.

Things were looking bleak for Atlantic Petroleum at the end of 2015, where the company delivered a DKK 834 million deficit before tax, and 2016 started began with a receivership among other bad news.

Nevertheless the year ended with black figures on the bottom line due to the reversal of previous impairments and a positive tax item, according to Atlantic Petroleum's 2016 report.

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