announced a special dividend as it reported a loss in its latest quarter, weighed down by a one-time impairment charge.
The company says it will pay a special cash dividend, based on its fourth-quarter results, of 3.2 cents per share on March 17, to shareholders of record as of March 10.Crescent Point reported a fourth-quarter loss of $498.1-million or 90 cents per share for the quarter ended Dec. 31 compared with a profit of $121.6-million or 21 cents per share in the last three months of 2021.
The company said its adjusted profit from operations amounted to $209.8-million or 38 cents per share for its fourth quarter, up from $160.0-million or 27 cents per share a year earlier. Average daily production for the quarter amounted to 134,124 barrels of oil equivalent per day, up from 130,407 in the fourth quarter of 2021.Your Globe
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