Africa Oil: Q1 Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Africa Oil Corp. (AOIFF) on Thursday reported first-quarter net income of $38.9 million, after reporting a loss in the same period a year earlier.

The Vancouver, British Columbia-based company said it had net income of 8 cents per share.

The company's shares closed at $1. A year ago, they were trading at 79 cents.

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The Associated Press