IN BRIEF: San Leon Energy swings to profit in 2021, proposes merger
San Leon Energy PLC - Dublin-based oil & gas exploration company - Records revenue of USD5.7 million in 2021, from none the year before. Swings to a pretax profit of GBP41.5 million from a loss at GBP9.6 million. Profit stems from GBP14.5 million gain from investments and netting GBP16.6 million from the sale of subsidiaries. Expects tailwinds from the recovery of the oil price during 2021 and into 2022.
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