Central rides out rough half

NORTHERN Territory and Queensland-focussed Central Petroleum posted a A$2.5 million net profit in its half-year results, up 15% compared to the previous half due to the lower exploration activity, corporate cost savings and lower interest and depreciation charges.

Central rides out rough half Central rides out rough half Central rides out rough half Central rides out rough half Central rides out rough half

Sees market confidence improving

EBITDAX came to A$12.9 million, an increase of 51% compared to the previous six months to June 30 excluding the benefit of the $7.