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Article: Apco Reports Second-Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TULSA, Okla., Aug. 7 /PRNewswire-FirstCall/ -- Apco Oil and Gas International Inc. today announced that for the three and six-month periods ended June 30, 2009, it generated unaudited net income attributable to Apco of $5.4 million and $10.4 million, or $0.18 and $0.35 per share, compared with net income of $7.2 million and $13.6 million for the comparable periods in 2008.
Although Apco has been able to increase oil and natural gas sales volumes year-to-date, favorable volume impacts on operating revenues of $868,000 for the quarter and $2.7 million for the first six months were more than offset by the effects of lower oil and LPG prices and the absence of a ...