Published on: August 30, 2017
Interim results
SDX Energy reported its 2017 interim earnings recently. The company has reported a comprehensive income of US$26.5 million for the half year which was predominantly due to a gain on the acquisition of the Egyptian and Moroccan operations of Circle Oil in January 2017. The company also had an underlying netback (revenues less operating costs) of US$13.0 million and a strengthened balance sheet with net cash increasing to US$27.6 million from US$21.1 million at Q1 17, demonstrating the continued benefits from the Circle Oil acquisition.