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Union Jack Oil

UK profits reach record high; oil and mining lead the way

Pre-tax profits for UK companies grew by 13.7% in the third quarter of 2018, almost double the yearly growth rate for the same period last year, according to latest Profit Watch UK report.

Profit Watch, produced by The Share Centre, looks at the quarterly and interim results reported by the end of September 2018, for accounts closed by 30 June and for the UK’s largest 350 listed companies.

 

Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.

The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.