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IN BRIEF: Southern Energy swings to quarterly profit as sales rise

23rd Aug 2021 14:57

Southern Energy Corp - North American gas-weighted producer focused on growth - Says petroleum and natural as sales in second quarter of 2021 rise 85% year-on-year to USD4.6 million from USD2.5 million. Posts second quarter net profit of USD3.9 million, swinging from USD1.87 million loss. First half sales up 61% annually to USD9.5 million and swings to net profit of USD3.1 million from USD12.1 million loss.

Current stock price: 5.50 pence

Year-to-date change: down 23% from 6.50p on August 10

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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