Topaz CEO hails progress after major restructuring

Topaz Energy today announced a 9% increase in operating profits, to €13.9m for the year ended March 31, 2014.

The company’s EBITDA (earnings before tax, depreciation and amortisation) figure remained static compared to 2013 at €27m, on revenues of more than €2.9bn (down from 2013’s €3.3bn figure).