Recorded an after-tax profit of CAD$64,437,000!23 Nov 2022 17:12
wow $64.4M recorded after tax profit
why Sp is so low????
Zenith Energy Ltd
30 August 2022
August 30, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Publication of 2022 FY Annual Audited Report
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is pleased to publish its independently audited financial results (the "Annual Report") for the financial year ended March 31, 2022 ("2022 FY" or the "Period").
The Annual Report can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/4734X_1-2022-8-29.pdf
A copy of the Annual Report will also be made available on the Company's website at: www.zenithenergy.ca
Key Highlights
During the financial year ended March 31, 2022, the Company:
· Generated revenues from the production of oil, gas, and electricity of CAD$8,239,000 (2021 - CAD$596,000).
· Held inventory awaiting sale of 116,391 barrels of crude oil that had been produced in Tunisia.
· Produced and sold 131,556 Mcf of natural gas from its Italian assets (as compared to 12,713 Mcf for the corresponding period for the financial year ended March 31, 2021).
· Recorded an after-tax profit of CAD$64,437,000 (compared to an after-tax profit of CAD$3,525,000 for the financial year ended March 31, 2021).