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Central reports 8% drop in full year revenue Jul 30, 2021 4:20:am Summary by: Shardul Sharma Posted in: Central reports 8% drop in full year revenue Sydney-listed Central Petroleum on July 30 reported a 7.9% year/year drop in sales revenue during the 12 months to June 30, 2021 (FY2020-21) owing to lower sales volume. Total sales revenue in FY2020-21 was A$59.82mn ($44.2mn) compared with A$65mn in the previous year. Sales volume during the year declined 17% yr/yr, Central said. Total sales revenue in the three months to June 30, 2021 (Q4) was A$15.4mn, down 0.6% quarter/quarter.   Central CEO Leon Devaney said the company is progressing well toward completion for the sale of 50% of its Amadeus basin assets. The deal, involving Central s Mereenie, Palm Valley and Dingo oil and gas fields, was announced in May. Central sold the stake in three fields to Nzog and Cue Energy for A$85mn. It will remain as operator and manage gas sales from the assets on behalf of Nzog and Cue un

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