KAR 3.03% $1.44 karoon energy ltd

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

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,231 Posts.
    lightbulb Created with Sketch. 3403

    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: 28/08/24
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.