AED Oil struck a maiden net profit of $1.2 million for the half ended December 31 compared with a loss of $1.1 million in the previous corresponding half. Operating sales revenue was $66.7 million, and earnings before interest, tax, depreciation and amortisation was $41.9 million. The company reached a major milestone in the half by commencing production in October, taking total output to 839,698 barrels. Staff reporter
