West Africa-focused independent oil and gas explorer Tullow Oil posted an annual profit on Tuesday, largely helped by a reduction in impairments and asset revaluation gains.
The London-listed company’s profit after tax for the year ended December 31 came in at $55 million, compared with a loss of $110 million reported a year earlier.
(Reporting by Aby Jose Koilparambil, Anandita Mehrotra and Pushkala Aripaka）
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