Petrolifera Petroleum to restate financials +BWR

WebBroker Select Company News Alert

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WebBroker Select Company News Alert

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Petrolifera Petroleum to restate financials

CP



Petrolifera Petroleum Ltd. is restating its 2006 results, reducing its full-year profit to $37.3-million from a previously reported $39.9-million. The oil and gas company said the restatement corrects reporting of its current income tax expense and tax payable for the year. The restatements are expected to decrease profit by 7 cents a share to 95 cents as income taxes payable increased $2.6-million. Restated audited statements are expected to be filed with regulators on or about March 14. PDP (TSX) fell 35 cents to $12.15.





© 2008 The Globe and Mail
CP



Petrolifera Petroleum Ltd. is restating its 2006 results, reducing its full-year profit to $37.3-million from a previously reported $39.9-million. The oil and gas company said the restatement corrects reporting of its current income tax expense and tax payable for the year. The restatements are expected to decrease profit by 7 cents a share to 95 cents as income taxes payable increased $2.6-million. Restated audited statements are expected to be filed with regulators on or about March 14. PDP (TSX) fell 35 cents to $12.15.


AND

BWR-T fails to meet analyst expectations.

03-Mar-2008 09:01 PM
Some data delayed up to 20 minutes

BWR-T
Surprise %: -50.0%
Reported EPS: 0.03
Last Consensus EPS: 0.06
Period end: 12/2007
Reporting period: quarter
Currency: C$


© 2008 The Globe and Mail