Harvest Natural Resources Announces 2013 First Quarter Results
Harvest Natural Resources, Inc. (HNR) today announced 2013 first quarter earnings and provided an operational update.
Harvest reported first quarter net income of approximately $36.1 million, or $0.91 per diluted share, compared to a net loss of $1.0 million, or $0.03 per diluted share, for the same period last year. The first quarter results included exploration charges of $1.9 million, or $0.05 per diluted share and unrealized gain on warrant derivative of $3.8 million, or $.10 per diluted share.
Petrodelta reported earnings during the first quarter of $187.7 million, $60.1 million net to Harvest's 32 percent interest, under International Financial Reporting Standards (IFRS).
- Published: 05 June 2013
- Written by Editor