Are you sure?

JKX Oil and Gas generates profit of $1.16m in Hungary last year

London-based hydrocarbon exploration and production company JKX Oil and Gas generated profit of $1.16 million on revenue of $5.76 million in Hungary last year, JKX Oil and Gas announced recently on its company website, according to preliminary 2009 financial data.

The company generated revenue of $5.16 million from gas and $607,000 from oil extracted in Hungary last year.

JKX Oil and Gas, which also conducts oil and gas extraction in Ukraine, generated 2.9% of the company's revenue in Hungary in 2009, its first year of operation in the country. (MTI-Econews)