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Loyz Energy swings back to profitability in 1Q on cost control and lower expenses

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Loyz Energy swings back to profitability in 1Q on cost control and lower expenses

PC Lee Published on Fri, Nov 11, 2016 / 7:52 AM GMT+8

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SINGAPORE (Nov 11): Oil explorer Loyz Energy has returned to profitability in 1Q17 with earnings of US$207,000 ($291,000) from a loss of US$583,000 despite a 40% dip in revenue to US$2.4 million.

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