LONDON--SacOil Holdings Ltd. (SCL.JO) Tuesday reported a fall in first half pretax profit due to higher operating costs and said that it will continue to focus achieving the targeted production of 1,000 barrels per day at the Lagia oil field in Egypt.

For the six months ended Aug. 31, the African oil and gas company reported a pretax profit of 19.7 million South African rand ($1.41 million), down from ZAR30.4 million in the year ago period. Operating costs jumped to ZAR59.9 million, from ZAR46.6 million.

Shares at 0858 GMT trading 4.4% higher at 1 pence each.

Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 24, 2015 04:16 ET (09:16 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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