Impairment dents Interra's Q4
Add BT as a preferred sourceIMPAIRMENT charge took a toll on Interra Resources in what was otherwise a strong fourth quarter that saw revenue climbing 89 per cent to US$13.7 million and gross profit almost trebling to US$5.99 million.
The oil and gas firm yesterday posted a net loss of US$3.8 million for the three months ended Dec 31, 2013, sharply wider than the net loss of US$59,000 a year earlier.
But for the full year, it achieved a net profit of US$7 million, up from US$3 million.
