KAR 9.84% $1.73 karoon energy ltd

Cashflow down 26%. Surprising. Disappointing.NPAT down...

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    Cashflow down 26%. Surprising. Disappointing.

    NPAT down 20%.

    Production Costs up 22%.

    D&A up 46%. What's that about? Is Bauna FPSO a lemon? Parts written off after maintenance? ... and we haven't even accounted for SPS-88 intervention yet ... and that's now been deferred until mid CY/FY25.

    Kar En never seems to have good news. The SP suggests the market has been expecting this. Hopefully the announcement isn't as bad as markets were expecting.

    Last edited by Andyrooo: Wednesday, 10:23
 
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