LONDON (Thomson Financial) - Ramco Energy Plc. swung to a full-year pretax
profit, mainly from transactions in the shares of Lansdowne Oil & Gas.
For the year ended Dec. 31, 2007, it said pretax profit was 602,000 pounds,
compared with a loss of 5.41 million pounds in 2006.
The group said it recorded a gain on the sale of shares in Lansdowne of 1.6
million pounds in 2007 versus nil the previous year, and a gain of 2.3 million
on a deemed disposal, when its holding in Lansdowne was further diluted by an
issue of new shares by Lansdowne.
Ramco said it currently holds around 38.9 percent of Lansdowne.
TFN.newsdesk@thomson.com
bsu/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|