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India-focused explorer Indus Gas posted a 13% rise in first-half profit, owing to falling costs and foreign exchange gains.
Pre-tax profit for the year through March amounted to $53.9m, up from $47.8m on-year.
Revenue was flat at $60.6m but sales and administrative costs both fell.
The company also posted a $0.6m foreign exchange gain, compared to a $4.1m foreign exchange loss on-year.
At 1:32pm: (LON:INDI) Indus Gas Ltd share price was 0p at 279p