AUSTRALIA

Revenue to continue growing in FY09: Mosaic

MOSAIC Oil has posted a 56% increase in net profit after tax to $4.1 million for the year ended June 30 due to strong operational performance and demand from the company's gas, gas liquids and oil.

Marija Stojkovic

Revenue to continue growing in FY09: Mosaic

Revenue also increased 52% to a record $28.4 million, while its EBITDA (earnings before interest, tax, depreciation and amortisation) jumped 36% to $8 million. The company said high revenues were achieved...

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