Thursday October 1, 2020

Circle Oil earnings rise 60% in first half

Limerick based exploration firm, Circle Oil has posted a 60 per cent rise in earnings to $18.9 million for the six month period to the end of June.

4th September, 2012

Limerick based exploration firm, Circle Oil has posted a 60 per cent rise in earnings to $18.9 million for the six month period to the end of June.

The figure for earnings before interest, taxation, depreciation and amortisation compares to $11.8 million in the first half of 2011. The company said that profit after tax was up 53 per cent to $13.3 million, as group turnover increased by 23 per cent to $35.4 million.

The company said that a new pipeline had been...

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