Dow Jones Newswires -- August 15, 1997
American Intl Petroleum 2Q Losses 9c A Share Vs 2c
American International Petroleum Corp. - New York
Quar June 30:
1997 1996
Revenues $53,000 $966,000
Net income (3,487,000) (470,000)
Avg shrs 39,034,729 26,767,464
Shr earns
Net income (.09) (.02)
6 Months:
Revenues 792,000 1,890,000
Net income (8,085,000) (782,000)
Avg shrs 37,558,266 26,364,473
Shr earns
Net income (.22) (.03)
Figures in parentheses are losses.
American International Petroleum Corp. (AIPN) said the decrease in revenues
was due to the sale of its South American oil and
gas units on Feb. 25 and the termination of its refinery lease on March 20.
American International explores for and produces oil and gas. |
