Petrolia SE (DE:0PE) has released an update.
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Petrolia SE reported a solid first half of 2024 with a notable increase in EBITDA to USD 7.9 million, up from USD 6.9 million in the same period last year, reflecting a strong performance in the Energy Service Division and recovery in the oil & gas sector. The company also saw a rise in total comprehensive income to USD 3.1 million and an increase in shareholders’ equity per share to USD 0.75. However, operating revenue dropped by 11.5% due to reduced activity in Iraq, partially compensated by higher revenues from other locations.
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