Kelt Exploration Reports Q1 Financial Dip

Kelt Exploration (TSE:KEL) has released an update.

Kelt Exploration Ltd. has disclosed a decrease in financial performance for the first quarter of 2024, with petroleum and natural gas sales down by 9%, and a significant 38% drop in cash from operating activities. Despite capital expenditures rising by 5%, the company faced a net income decline of 27% compared to the previous year. Overall, the company’s total assets increased by 9% and shareholders’ equity rose by 11%.

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