Oilex Ltd - Australian oil and gas explorer - Releases audited results for 2020 financial year. Posts no revenue for financial year ended June 30 versus AUD188,220 the year before. Pretax loss widens to AUD5.8 million from AUD3.1 million the year prior.
"We note that the reported loss in the audited 2020 annual report has increased from AUD4.5 million to AUD5.8 million in the consolidated statement of profit or loss and other comprehensive income reflecting a AUD1.3m impairment provision for the Cambay Development Assets," company says.
Current stock price: 0.06 pence
Year-to-date change: down 68%
By Lucy Heming;Â lucyheming@alliancenews.com
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