Providence posts €41.6m loss

Exploration company Providence Resources has posted a net loss for 2010 of €41.6m, attributed to the sale of its Gulf of Mexico assets.

Providence posts €41.6m loss

Exploration company Providence Resources has posted a net loss for 2010 of €41.6m, attributed to the sale of its Gulf of Mexico assets.

The company said continuing operations accounted for a yearly loss of €9.8m, with a loss from discontinued operations of €31.8m.

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