News & Media
Interim Results 2008
29 August 2008
INTERIM RESULTS
FOR
THE SIX MONTHS ENDED 30 JUNE 2008
Financial Highlights
| 2008 | 2007 | % Increase | |
| Revenue | $116.8m | $84.7m | 38% |
| Operating profit | $82.2m | $53.5m | 54% |
| Cash generated from operations before changes in working capital | $95.4m | $68.8m | 39% |
| Earnings per share (basic) | 39.43 cents | 24.40 cents | 62% |
| Interim dividend declared (per share) | 2.2p | 2.0p | 10% |
Strategic Highlights
- An 11 million barrels of oil equivalent increase to Proved plus Probable reserves
- Good progress achieved towards completing the Soyuz pipeline tie-in
- Progress with the Koshekhablskoye development project in Russia
- Gas discovery in Hungary with Hajdúnánás -1 exploration well
- Continued development of the Company’s exploration portfolio
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