MARKETS

Karoon posts maiden profit 

KAROON Energy has posted its first annual report as an oil producer, joining the ASX ranks of midcap energy companies with production at over 13,000 barrels of oil per day and profit of US$33 million, and statutory profit of $4.4 million. 

Karoon posts maiden profit 

  The company reported EBITDAX of $9.8 million.     Cash flow was well up to almost $30 million over negative $67 million in financial 2020 and it had cash of $133 million at the end of the year. ...

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