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IN BRIEF: ADM Energy Revenue Falls And Loss Widens In 2019

30th Jun 2020 18:01

ADM Energy PLC - oil and gas investor - revenue in 2019 down 19% to GBP2.5 million from GBP3.1 million. Pretax loss widens to GBP1.7 million from GBP968,000. Chief Executive Officer Osamede Okhomina said: "Covid-19 has undoubtedly had a big impact on global markets, but as economies re-open around the world we are beginning to see an upturn in oil prices from previous lows."

Current stock price: 3.625 pence

Year-to-date change: down 25%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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