EnergyWatch

Divestment ensures profit for Atlantic Petroleum

Atlantic Petroleum exited the first quarter with a profit despite revenue of 0. This is due to a divestment, while net equity remains in the red.

The Faroese oil company managed to end the first quarter with a profit, in spite of the company booking zero revenue in the quarter.

The profit came to DKK 5.4 million (EUR 726,000) after taxes, which is better than in the same quarter 2016, when the result landed at a loss of DKK 15.8 million.

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