Advantage Oil & Gas posts 2Q profit

CALGARY, Alberta (AP) _ Advantage Oil & Gas Ltd. (AAV) on Thursday reported second-quarter net income of $13.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 7 cents. Earnings, adjusted for non-recurring gains, came to 6 cents per share.

The oil and gas company posted revenue of $49.8 million in the period.

Advantage Oil & Gas shares have declined 3 percent since the beginning of the year. The stock has increased roughly 3 percent in the last 12 months.


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