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Genel Energy posts 15 pct rise in core profit

Reuters - UK Focus

Aug 6 (Reuters) - Oil explorer and producer Genel Energy Plc (Other OTC: GEGYF - news) reported a 15 percent rise in first-half core profit, helped by an increase in its production capacity.

Genel said production rose 41 percent to 88,800 barrels of oil equivalent per day (boepd) from its key fields in the Kurdistan Region of Iraq.

Revenue rose 3.7 percent to $199.3 million. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Anupama Dwivedi)