21 April 2021 - final results

The independent, Tanzania-focused natural gas producer, which is AIM-listed, has announced results for the year ended 31 December 2020.  Revenues were US$18.9m (2019: US$18.6m), underpinned by long-term fixed gas price contracts.  Adjusted earnings before interest, taxes, depreciation, amortization and exploration came in at US$9.7m, up from US$8.8m).  Net profit was US$0.02 per share versus US$0.01 a year earlier.  The company is debt free with cash on hand of US$17.8m as at 31 December 2020.  A final dividend of . . .

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