CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Advantage Energy Ltd. (AAVVF) on Tuesday reported fourth-quarter profit of $12.2 million.
The Calgary, Alberta-based company said it had profit of 7 cents per share.
The oil and gas company posted revenue of $116.8 million in the period.
For the year, the company reported profit of $15.9 million, or 10 cents per share. Revenue was nearly unchanged at $396.5 million.
Advantage Energy shares have fallen 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.64, a drop of 13% in the last 12 months.
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