Tuesday, 26 November 2024
Home News Kolibri Global Energy Announces Increases of 118% in Net Income and 100% in EPS for Third Quarter 2024

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Kolibri Global Energy Announces Increases of 118% in Net Income and 100% in EPS for Third Quarter 2024

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--All amounts are in U.S. Dollars unless otherwise indicated: THIRD QUARTER 2024 HIGHLIGHTS Net income for the third quarter of 2024 was $5.1 million and EPS was $0.14/share compared to net income of $2.3 million and EPS of $0.07/share for the third quarter of 2023, an increase of 118% and 100%, respectively. The increase was mainly due to an unrealized gain on commodity contracts of $1.3 million that was recorded in the third quarter of 2024 compared to an...

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