Dana trims losses on its bottom line

Dana Petroleum, which acquired Seafield Resources last year, has reduced its loss before tax from £890,000 in 1996 to £324,000…

Fri Apr 24 1998 - 01:00

Dana Petroleum, which acquired Seafield Resources last year, has reduced its loss before tax from £890,000 in 1996 to £324,000 in 1997. Turnover soared from £53,000 to £10.4 million. The past year, said chief executive, Mr Tom Cross, positioned the group for future growth.