Cue Energy Resources Limited (AU:CUE) has released an update.
Cue Energy Resources Limited has announced a stable year with $49.7 million in revenue and an EBITDAX increase of 6% to $32.8 million, despite a slight 7% drop in after-tax profit from the previous year. Shareholders are set to receive a total of $21 million in dividends for the year, following a final dividend declaration of 1 cent per share. The company remains debt-free, with a strong cash position and optimistic production growth prospects, with multiple development wells approved.
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