Maurel & Prom - 2012 First Half Results

Maurel & Prom - 2012 First Half Results PR Newswire PARIS, August 31, 2012 PARIS, August 31, 2012 /PRNewswire/ -- In EURm H1 2012 H1 2011* Var Key comments Sales 226 183 +23% $/EUR: +8% Sale price: +3% Gross operating income 164 129 +27% First sales on Sabanero in Colombia Income from asset Non recurrent result in disposals 0 112 Nc 2011 1H Current operating income 2011: 116 Operating income 86 218 Nc Non current op. income 2011: 112 Financial income (6) (74) Nc Favourable $/EUR effect Net consolidated income 32 90 Nc Net consolidated income exc. Income from asset Increase in net income disposals 32 (22) Nc exc. income from asset disposals (*) Restated for discontinued activities Maurel & Prom is an independent mid-size player specialising in Africa and Latin America. The Group's teams combine experience and references in its various fields of activity. As at 30 June 2012, Maurel & Prom was present in six operating permits and 20 exploration permits.