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Bad weather takes its toll on KrisEnergy
Group posts US$3.5m loss for Q3; revenue slips 37% to US$13.6m
Add BT as a preferred sourcePublished Fri, Nov 8, 2013 · 10:00 PM
Singapore
BAD weather and the anticipated closure of an oilfield in Indonesia sent KrisEnergy's third-quarter results into the red.
The oil and gas exploration and production group recorded a total comprehensive loss attributable to shareholders of US$3.55 million, compared with a profit of US$681,000 last year. Revenue slipped 37 per cent to US$13.6 million.
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