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KrisEnergy back in the black on one-off gains

Friday, May 15, 2015 - 05:50
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Revenue for the quarter plunges 46.2 per cent to US$11.42 million. FILE PHOTO

Singapore

DESPITE a trying time for the crude oil industry, oil exploration and production firm KrisEnergy has swung to a net profit of US$46.3 million for the first quarter ended March, from a net loss of US$17.97 million a year ago.

The group said that the surge in earnings was

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