Afren Posts Rise In Q1 Net Profit, Production

Afren PLC AFRNY reported a rise in its first-quarter production. Afren's quarterly net production climbed to 41,308 barrels of oil equivalent a day. Its quarterly pretax profit surged to $143.2 million from $2.0 million. Afren's revenue jumped to $386.7 million from $73.4 million.