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25
May
2009

Indago Petroleum slips to loss in FY08

Indago Petroleum Limited (IPL.L: News ) announced its final results for the year ended 31 December 2008.


(1888PressRelease) May 25, 2009 - Loss for the year attributable to equity holders of the parent company was US$21.14 million or US$0.40 per share, compared to profit of US$293.86 million or US$5.11 per share in the prior year.

Profit on disposal of subsidiaries and other assets for the prior year was US$306.02 million.

Loss before taxation for the year was US$21.10 million, compared to a profit of US$293.92 million last year.

The company did not generate revenues for the current year. Revenues for the prior year were US$3.77 million.

http://www.indagopetroleum.com

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