Interim Statement For The Six Months Ended 31st December 2012

Spitfire Oil Limited (“Spitfire” or “the Company”) is pleased to publish its unaudited interim results for the six months ended 31st December 2012.

Spitfire and its subsidiaries (together “the Group”) recorded a loss before tax for the six  months ended 31st December 2012 of A$182,907 (2011: A$211,889). With cash balances of A$7.2m, the Group has benefited from interest receipts of A$122,584 (2011 A$180,660) in the period. Operating costs have been reduced to A$305,491 (2011 A$392,549) with action taken during the period to further reduce costs, including a reduction in directors’ fees.

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