KrisEnergy's Q2 loss falls to US$5.8m
Revenue rises 33.5% to US$22.3m on higher oil output and prices
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OIL and gas firm KrisEnergy narrowed losses for the second quarter, recording US$5.8 million in total comprehensive loss attributable to shareholders, compared with US$8.2 million a year ago.
Revenue rose 33.5 per cent to US$22.3 million, as oil and gas production increased and oil prices rose.
Ebitdax, or earnings before interest, taxes, depreciation, amortisation and exploration expenses, more than doubled from US$4.8 million to US$11.1 million, thanks to increased production and cost efficiencies.
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