Business
Here’s what sent the TPC (ASX:TPC) share price powering 23% higher today
The TPC Consolidated Ltd (ASX: TPC) share price soared 23.8% higher today to close the trading day at $2.60 a share.
With nothing new released to the market today, let’s look at the energy company’s half-year (1H21) report released after the close of trade on Friday to see what might be moving the TPC share price today.
Half-year financial highlights
The company reported a 0.5% revenue gain with 1H21 revenue totalling $44.7 million.
Earnings before interest, tax, depreciation and amortisation (EBITDA) was $6 million for the 1H21 period. This is a 22.4% improvement compared to $4.9 million in the previous corresponding period (pcp).
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