Solid operational and financial results in 2010
(Thomson Reuters ONE) -
DNO delivered good results from operations in 2010. Combined with successful
financial measures, the Company has a solid position for further growth.
"2010 was a positive year for DNO, with good increase in production and improved
financial results. Our organization is fully focused on a continuous positive
development of the Company. The recent progress in Iraq and our ongoing
exploration activities provide a good basis for further improvement in 2011",
says Managing Director Helge Eide.
Sales increased from NOK 869 million in 2009 to NOK 1.25 billion in 2010. EBITDA
before special items increased from NOK 261.6 million in 2009 to NOK 804.2
million in 2010. Solid cash flow from operations of NOK 525 million combined
with sale of treasury shares and new equity increased DNO's cash position by NOK
1.1 billion in 2010. DNO's cash position was NOK 1.38 billion by year end 2010.
See attached documents for more information.
Oslo, 16 February 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
DNO Interim Report for Q4 and full year 2010:
http://hugin.info/36/R/1489469/424900.pdf
DNO Q4 2010 Press Release:
http://hugin.info/36/R/1489469/424901.pdf
DNO Webcast Presentation for Q4 and full year 2010:
http://hugin.info/36/R/1489469/424902.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1489469]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2011 - 07:51 Uhr
Sprache: Deutsch
News-ID 51532
Anzahl Zeichen: 2183
contact information:
Town:
Oslo
Kategorie:
Business News
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"Solid operational and financial results in 2010"
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