News Oil & Gas

Kistos profits rise as projects review continues

Kistos Holdings plc’s increase in profits has failed to deter the company from reviewing opportunities outside the UK and Netherlands to avoid “unstable fiscal regimes”. FINANCES Full year 2022 results showed operating profits of €276.3 million (2021: loss of €62.8m) and pre-tax profits of €254.1m (2021: loss before tax of €73.9m). Taxes of €228m, which […]

News Oil & Gas

Parkmead remains “robust” despite gas revenue losses

The Parkmead Group plc reported a loss in revenue and profits but an increase in assets in its preliminary results for the year ended 30 June 2020. FINANCES Revenue halved for the period to £4.1m (2019: £8.3m) and gross profit fell to £1.3m (2019: £5.7m). Pre-tax profits before tax and non-cash impairment charges were £0.8m. […]