VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Africa Oil Corp. (AOIFF) on Wednesday reported first-quarter earnings of $50.9 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 11 cents. Earnings, adjusted for asset impairment gains, were 2 cents per share.
The oil and natural gas company posted revenue of $76.4 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $1.32. A year ago, they were trading at $1.78.
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