Zoltav Resources Inc (DI) (ZOL)

Sector:

Financials

Index:

FTSE AIM All-Share

27.50p
   
  • Change Today:
      3.00p
  • 52 Week High: 58.00
  • 52 Week Low: 22.50
  • Currency: UK Pounds
  • Shares Issued: 141.96m
  • Volume: 15,000
  • Market Cap: £39.04m
  • Beta: 0.06

Zoltav Resources swings to full year profit

By Renae Dyer

Date: Friday 22 Apr 2016

LONDON (ShareCast) - (ShareCast News) - Russian oil and gas company Zoltav Resources swung to a profit in 2015 as revenues jumped 41% to $28.1m despite a weak ruble against the dollar.
Zoltav said it delivered its first positive earnings before interest after tax, depreciation and amortisation of $7.2m in the year to 31 December 2015, compared to a loss of $3.3m in 2014.

Operating profit came to $1.1m following a $7.6m loss a year earlier.

Revenues were driven by a 15.6% increase in production at its West Gas Plant to 46.6m cubic feet of gas and 587 barrels of oil per day during the period.

The group said operational performance enhancements allowed for the Western Gas Plant to operate at full capacity throughout the year.

"Our team has worked tirelessly in 2015 to generate ongoing efficiencies at the Western Gas Plant that have enabled Zoltav to deliver its first profit from operations despite a challenging environment for oil and gas companies and despite a weak ruble against the US dollar," said executive chairman, Alastair Ferguson.

Shares in Zoltav rose 1.97% to 38.75p at 1613 BST.

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ZOL Market Data

Currency UK Pounds
Share Price 27.50p
Change Today 3.00p
% Change 12.24 %
52 Week High 58.00
52 Week Low 22.50
Volume 15,000
Shares Issued 141.96m
Market Cap £39.04m
Beta 0.06

ZOL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.94% below the market average34.94% below the market average34.94% below the market average34.94% below the market average34.94% below the market average
30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average
Price Trend
77.05% below the market average77.05% below the market average77.05% below the market average77.05% below the market average77.05% below the market average
74.29% below the sector average74.29% below the sector average74.29% below the sector average74.29% below the sector average74.29% below the sector average
Income Not Available
Growth
18.2% below the market average18.2% below the market average18.2% below the market average18.2% below the market average18.2% below the market average
23.33% below the sector average23.33% below the sector average23.33% below the sector average23.33% below the sector average23.33% below the sector average

ZOL Dividends

No dividends found

Trades for 15-Oct-2021

Time Volume / Share Price
13:42 5,000 @ 30.00p
09:09 5,000 @ 28.40p
09:06 5,000 @ 29.00p

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