Trinity Exploration & Production Posts Full-Year Loss

Trinity Exploration & Production PLC reported a net loss for the year ending Dec. 31, 2014. Trinity Exploration swung to a net loss of $141 million for the year, versus a year-ago net profit of $39 million. The latest year included USD135.9 million in exceptional items. Its earnings before interest, tax, depreciation and amortisation declined to USD28.5 million, versus USD34.8 million. Its revenue dropped 8.3 percent to $113 million. Oil and gas production slipped 5 percent to 3,603 barrels of oil equivalent per day.