Kolibri Global Energy Inc. (TSE:KEI) has released an update.
Kolibri Global Energy Inc. reported a robust financial performance for 2023, with a significant 56% increase in adjusted EBITDA to $39.1 million and a 16% rise in net income to $19.3 million, attributed to a 70% surge in production and improved operational efficiencies. Despite a challenging market with a 22% drop in average prices, the company’s strategic growth and cost management have led to a strong 35% increase in net revenues to $50.6 million, showcasing its resilience and potential as an investment.
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