6 April 2022 - final results

The AIM-listed Tanzania focused natural gas producer has announced its results for 2021.  Readers will know that this is a stock that we believe is undervalued and the results only serve to confirm this.  Revenues for the year increased by 26% to $23.8m (2020: $18.9m) underpinned by long-term contracts and strong levels of gas production.  Pre-tax profit for the year rose to $6.0m (2020: $2.2m) and earnings per share emerged at $0.03 (2020: $0.02).  This was clearly another strong performance from the company and as a . . .

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