Regal Petroleum PLC Market Momentum is Building

On September 21st, 2018, RPT announced unaudited results for the six-month period ended 30 June 2018. Revenues nigh on doubled to $24.6m (1H 2017: $12.4m), while gross profits rocketed to $11.9m (1H 2017: $3.2m). RPT reported strong cash generated from operations of $13.1m (1H 2017: $5.5m), ending the period with cash and cash equivalents at 19 September 2018 of $46.8m, held as $22.5m equivalent in Ukrainian Hryvnia and the balance of $24.3m equivalent predominately in US Dollars and Pounds Sterling.

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