Calgary based Crescent Point has made a profit in the first quarter of 2017.
The Canadian energy company reported a net profit of $88 million compared to a $64.3 million loss in the year earlier.
It has been helped by increased oil prices and improved costs.
Scott Saxberg, president and CEO of Crescent Point, said: “Our focus in 2017 continues to be executing our organic growth plan and delivering exit production growth of 10 percent per share.
“Our strong first quarter results demonstrate this focus and the success we are achieving within our resource plays.”
Recommended for you
