LONDON-LISTED junior SDX Energy is aiming to bring more production online after a significant boost in the first half of the year, which bolstered the company's bottom line despite the challenges brought by the Covid-19 pandemic. SDX reported revenues of $22 million in the first six months of this year compared to revenues of $15.5 million in the same period last year. Earnings before interest, tax, depreciation and amortization (Ebitda) also improved to reach $15.3 million compared to $9.3 million a year earlier. The company, however, reported a loss of $4 million in the first half, which compares to a miniscule profit of $400,000 last year, as commodity prices fell.
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