Providence upbeat after 2007 profit

OIL and gas exploration company, Providence Resources has returned to profit ahead of a busy year of potentially lucrative drilling activity.

Providence upbeat after 2007 profit

The Dublin-headquartered company yesterday reported profits for 2007 of €569,000 after exceptional items — compared to a €1.6m loss in 2006.

Last year’s profit before exceptionals was €1.5m.

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