Ramco reports €116.9m losses

Turnover at oil and gas exploration Ramco increased by 24% to £20.8m (€31.7m) in the year up to December 2003, the company announced today in preliminary results. Turnover was £16.8m (€25.6m) in 2002.

The company's net loss was £76.7m (€116.9m) after release of tax provisions