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Horizon bucks trend with profit

HORIZON Oil has bucked the widespread loss-making trend for the second half of 2014, recording an after-tax profit of $US7.3 million ($A9.4 million).

Andrew Snelling

The result signifies a market turnaround compared to the Asia-focused explorer's $47,000 loss for the last six months of 2013. The turnaround was helped along by gross profits of $22.35 million taken...

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