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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices firm after OPEC+ extends output cuts

The OPEC+ group of oil producers is holding firm on measures to boost prices. On Sunday, members agreed to extend oil output cuts of 2.2 million barrels per day into the second quarter. That’s a bid