Key Financial Data
Financial Summary
An 18% growth in revenue and a 30% growth in operating profit were generated largely on the back of increased realised prices in 2008. Earnings per share was 21% higher than 2007 and net operating cash flow was up 24% over 2007. The year 2008 saw an increase of 36% in capital employed represented by higher expenditure in oil and gas interests and an increased cash balance at the year-end.
Key Financial Data
| US$ million (except where indicated) |
|
|
|
|
2008 |
2007 |
Change (%) |
| Average production on entitlement basis (bopd) |
24,490 |
21,739 |
13% |
| Revenue |
706.1 |
596.6 |
18% |
| Cost of Sales |
(193.2) |
(198.7) |
3% |
| Gross Profit |
512.9 |
398.0 |
29% |
| Operating profit |
474.0 |
365.1 |
30% |
| Profit for the year |
369.0 |
303.9 |
21% |
| Earnings per share, basic (US Cents) |
71.8 |
59.5 |
21% |
| Earnings per share, diluted (US Cents) |
71.6 |
59.3 |
21% |
| Capital employed |
1,442.3 |
1,060.4 |
36% |
| Net cash from operations |
578.6 |
467.2 |
24% |
| Cash used in investing activities |
(516.5) |
(390.8) |
(32%) |
| Debt |
0.0 |
0.0 |
nil |
Published : 29/07/2010 12:21:49
Share Price
429.00p
Change: -0.50p
(-0.12%
)
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Dragon Oil plc trade on the LSE.
(Symbol: DGO)
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