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Monday, May 11, 2015 1:48:39 AM
But due to $122.8 million in derivative gains, as opposed to a loss of $146.8 million in the corresponding quarter last year, the company's total revenues increased slightly by 1% to $462.6 million lucrum. In adjusted terms, revenues dropped by 13% from last year to $437 million.
The company's profits dropped by 14.8% to $0.16 per share, but excluding the impact of one-off items, the profits were down 58.7% to $0.19 per share.
The company's production climbed 26% to record levels of 1.33 billion cubic feet equivalents (cfe) but average realized prices, including the impact of hedges and derivative settlements, dropped by 28% to $3.54 per thousand cfe.
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