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The latest announcement is out from DNO ASA ( (GB:0MHP) ).
DNO ASA reported a strong second quarter with a 37% increase in revenue and a 206% rise in operating profit, driven by the acquisition of Sval Energi Group AS. Despite challenges such as drone strikes impacting operations in Kurdistan, the company has increased production and is focusing on delivering more cash value to shareholders through dividends and debt reduction. The acquisition has expanded DNO’s production capacity in the North Sea, and the company continues to pursue exploration successes and development projects to enhance its portfolio.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator established in 1971 and listed on the Oslo Stock Exchange. The company is active in the Middle East, the North Sea, and West Africa, holding stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, and Yemen.
Average Trading Volume: 2,399,978
Current Market Cap: NOK13.54B
See more data about 0MHP stock on TipRanks’ Stock Analysis page.