Thanks to higher prices, revenue in the same period was up 7.5% to US$170.3 million - despite the various production stoppages throughout the year, both planned, and unplanned.
Rex International has ended its FY2022 in the black by a whisker, contrary to an earlier profit warning of a loss issued on Feb 21.
For the year ended Dec 31 2022, the oil producer will record earnings of US$0.4 million, versus US$78.9 million reported for FY2021.
