Africa Oil Corp. reported earnings results for the second quarter and six months ended June 30, 2023.
For the second quarter, the company reported revenue was USD 178 million compared to USD 13.4 million a year ago.
Net income was USD 106.9 million compared to USD 5.7 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.01 a year ago.
For the six months, revenue was USD 210.5 million compared to USD 67.1 million a year ago. Net income was USD 128.8 million compared to USD 51.3 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago.
Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.1 a year ago.
