Indus Gas Reports Decreased Annual Earnings

Indus Gas (GB:INDI) has released an update.

Indus Gas Limited reported a decrease in total revenues to $42.93 million for the year ending March 2024, down from $63.03 million the previous year, with a corresponding drop in operating profit and profit before tax. Despite the decline in revenue, the company has continued its operational activities, including drilling and testing wells to enhance gas production. The company is addressing disruptions in gas supply to its customer’s power plant and is considering seeking external or shareholder funding if necessary.

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