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Synergy Touts Reserve Increases, 85% Production Jump
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Synergy Resources Corporation reported its fiscal fourth quarter and year end results for the period ended August 31, 2015.
Fiscal 4Q and Year 2015 Financial Highlights vs. One Year AgoRevenue decreased 10% to $32.6 million in the fourth quarter, and was up 20% to $125 million for the full year compared to $36.3 million and $104.2 million in the year ago periods respectively Net income (loss) was ($5.3 million) or ($0.05) per diluted share in the quarter and $18 million or $0.19 per diluted share for the full year as compared to net income of $28.9 million or $0.37 per diluted share in fiscal 2014. Net Income for the quarter and the full year include a full cost ceiling impairment charge of $13 million or ($0.10) per diluted share in the quarter and $16 million or ($0.10) per share for…
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