SYDNEY (AFX-ASIA) – Novus Petroleum Ltd reported a net profit of A$4.7 million for the first half to June against a loss of A$43.6 million a year earlier, as it took lower writedowns for exploration costs. (US$1=A$1.55). The year-earlier result included a writedown of A$61.6 million for exploration expenditure. The company wrote down A$8 million…

This article is for Subscriber members only.
Log In Register