Range Resources making progress but losses flat

Oil and gas group Range Resources reported the same level of losses in the first half of its fiscal year, despite soaring revenue, as operating costs increased significantly.

Oil and gas group Range Resources reported the same level of losses in the first half of its fiscal year, despite soaring revenue, as operating costs increased significantly.

Revenue from continuing operations increased from $1.1m to $12.8m in the six months ended December 31st. However, as operating costs surged from $0.6m to $8.3m, the pre-tax loss was flat at $2.2m.

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