Genel Energy's revenues rose to $199.3m in the six months to the end of June - up from $192.1m last time.
Earnings before interest, tax, depreciation, amortisation and
exploration expense increased to $158.1m from $138.0m but pre-tax
profits fell to $31.4m from $70.7m.
Chief executive Murat Özgül said: "Genel's operating performance in
the first half of 2015 was strong, with net working interest production
up 41% to 88,800 bopd. In recent days the KRG has made a public
commitment to pay international oil companies on a sustainable basis
from September 2015. These regular and predictable payments will allow
Genel to fully capitalise on our strategic opportunities.
"We remain committed to the Kurdistan Region of Iraq and will
continue to invest in our existing oil fields while moving our major gas
fields forward to development, creating significant value for both
Genel and the KRG."
At 8:07am: (LON:GENL) Genel Energy share price was -16.5p at 419.25p
(www.iii.co.uk, August 6, 2015)