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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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Independent oil firm DNO reports Q2 profit plunge, eyes recovery

Thu, 30th Jul 2020 06:12

OSLO, July 30 (Reuters) - Independent oil firm DNO,
with operations in Iraq's semi-autonomous Kurdistan region and
the North Sea, reported on Thursday a sharp fall in April-June
core earnings, but said its performance has now begun to recover
from the COVID-19 pandemic.

DNO's earnings before interest, tax, depreciation and
amortization (EBITDA) fell to $12.9 million in the second
quarter from $176.6 million a year ago, the Oslo-listed company
said in a statement.
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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