11:46 AM EST - Niko Resources Ltd. : reported that its third-quarter net income was $14.64 million U.S. or $0.29 U.S. per share, compared to a loss of $2.09 million U.S. or $0.04 U.S. per share in the same quarter last year. Funds from operations for the quarter increased to $68.81 million U.S., from $19.52 million U.S. in the prior-year quarter. Oil and natural gas revenues for the quarter rose to $91.76 million U.S., from $28.05 million U.S. in the year-ago quarter. Revenues for the quarter were $89.50 million U.S., compared to $23.91 million U.S. in the prior-year quarter. Niko Resources Ltd.
shares T.NKO are trading up $0.87 at $98.87.
