Cue flushed with cash

CUE Energy Resources has posted a 30% drop in its 2011 financial year net profit after tax but its cash balance at the end of the financial year jumped 80% to $52.8 million.

Cue flushed with cash Cue flushed with cash Cue flushed with cash Cue flushed with cash Cue flushed with cash

Profit for the year reached just over $19 million compared to the $27.5 million recorded in the 2010 financial year.

Cue said the main reasons for the drop in profit were due to a $2.

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