Singapore’s Loyz Energy posted strong profits for the three months ended 30 June thanks to maiden sales of crude oil from its producing concessions in Thailand. Loyz reported an operational cash flow and EBITDAX (earnings before interest, taxation, depreciation, amortisation and exploratory expenses) of US $5.5m and $5.8m respectively and a net attributable profit of $0.8m in Q4 of Loyz’s financial year 2014, ending its full year 2014 on a positive note.
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