CALGARY, Alberta (AP) _ Advantage Oil & Gas Ltd. (AAV) on Monday reported fourth-quarter net income of $16.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Calgary, Alberta-based company said it had profit of 9 cents. Earnings, adjusted for non-recurring gains, came to 4 cents per share.
The oil and gas company posted revenue of $51.8 million in the period.
For the year, the company reported net income of $73.3 million, or 39 cents per share, swinging to a profit in the period. Revenue was reported as $173.8 million.
The company's shares closed at $2.85. A year ago, they were trading at $5.75.