Advantage Energy Ltd. (AAVVF) on Thursday reported fourth-quarter net income of $6.9 million.
CALGARY, Alberta(AP) — CALGARY, Alberta (AP) — Advantage Energy Ltd. (AAVVF) on Thursday reported fourth-quarter net income of $6.9 million.
The Calgary, Alberta-based company said it had net income of 4 cents per share.
The oil and gas company posted revenue of $130.4 million in the period.
For the year, the company reported profit of $38 million, or 22 cents per share. Revenue was reported as $500.2 million.
Advantage Energy shares have fallen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.67, a rise of 16% in the last 12 months.
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