Pan Andean reports 33% rise in half-year profits

Irish oil and gas explorer Pan Andean Resources has reported a 33 per cent rise in half-year profit due to increased sales.

Irish oil and gas explorer Pan Andean Resources has reported a 33 per cent rise in half-year profit due to increased sales.

The company, which has operations in Bolivia and the US and exploration projects in the US, Peru and Colombia, said operating profit rose by a third to £619,000 and revenues increased by 30 per cent to £1.1 million.

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