12:02 PM EST - Addax Petroleum Corp. : announced that its fiscal year 2006 funds from operations were US$829 million or US$5.80 per share, compared to funds from operations of US$468 million or US$4.00 per share in the last year. Net income for the period was US$243 million or US$1.70 per share, compared to net income of US$206 million or US$1.76 per share in the prior year. Sales for the year rose 66% to US$2.03 billion, from US$1.22 billion in the previous year. Addax Petroleum Corp.
shares T.AXC are trading up 15 cents at $34.45.
