EnergyWatch

Divestment ensures profit for Atlantic Petroleum

Atlantic Petroleum exited the first quarter with a profit despite revenue of 0. This is due to a divestment, while net equity remains in the red.

The Faroese oil company managed to end the first quarter with a profit, in spite of the company booking zero revenue in the quarter.

The profit came to DKK 5.4 million (EUR 726,000) after taxes, which is better than in the same quarter 2016, when the result landed at a loss of DKK 15.8 million.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Further reading

Related articles

Latest News

See all jobs