Business
Half Yearly Report
Half Yearly Report.
About this update from Genel Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4555F Genel Energy PLC 28 July 2016 \n\n 28 July 2016\n \nGenel Energy plc \nUnaudited results for the period ended 30 June 2016\n \nGenel Energy plc ('Genel' or 'the Company'), the London listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq ('KRI'), announces its unaudited half year results for the 6 months to 30 June 2016.\n \nResults summary\n\n\n\n\n \n\n\nH1\n2016\n\n\nH1\n2015\n\n\nFY\n2015\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProduction (bopd, working interest)\n\n\n56,400\n\n\n 88,800\n\n\n84,900\n\n\n\n\nRevenue ($million)\n\n\n91.1\n\n\n199.3\n\n\n343.9\n\n\n\n\nEBITDAX1 ($million)\n\n\n65.9\n\n\n158.1\n\n\n279.4\n\n\n\n\n(Loss) / profit before tax ($million)\n\n\n(4.2)\n\n\n31.4\n\n\n(1,160.6)\n\n\n\n\nEPS (cents per share)\n\n\n(1.5)\n\n\n11.4\n\n\n(417.3)\n\n\n\n\nNet cash generated from operating activities ($million)\n\n\n79.7\n\n\n-\n\n\n71.2\n\n\n\n\nCapital expenditure ($million)\n\n\n31.4\n\n\n93.3\n\n\n157.2\n\n\n\n\nFree cash flow2 ($million)\n\n\n33.1\n\n\n(192.8)\n\n\n(179.2)\n\n\n\n\nCash3 ($million)\n\n\n406.5\n\n\n473.7\n\n\n455.3\n\n\n\n\nReceivable ($million)\n\n\n412.4\n\n\n379.7\n\n\n422.9\n\n\n\n\nNet debt ($million)\n\n\n236.8\n\n\n216.1\n\n\n238.8\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n1. EBITDAX is earnings before interest, tax, depreciation, amortisation, exploration expense and impairment which is derived from revenue ($91.1million) less production costs ($17.2million) less general and administrative costs excluding depreciation ($8.0 million).\n2. Free cash flow is net cash generated from operating activities ($79.7 million) less capital expenditure and associated working capital movements ($46.6 million).\n3. Cash reported at 30 June...