Petroceltic reports first-half pre-tax loss of €2.6m

Petroceltic has reported a pre-tax loss of $3.25 million (€2.6m) for the first half of 2012; shaving almost $1m off losses generated in the corresponding period last year.

The Dublin-headquartered oil and gas exploration company had posted a pre-tax loss of just over $4.1m for the first six months of 2011.

Yesterday’s up-to-date interim figures show revenues of $291,000; up from $158,000 a year earlier. The first half loss per share figure has also significantly decreased, from 20c to 14c.