Shelton Petroleum AB (publ) announced consolidated and parent earnings results for the fourth quarter and full year ended December 2014. For the quarter, the consolidated company reported total revenues of SEK 20,324,000 compared with SEK 37,306,000 for the same period a year ago. Operating profit was SEK 641,000 compared with SEK 10,687,000 for the same period a year ago. Profit before tax was SEK 945,000 compared with SEK 10,710,000 for the same period a year ago. Net profit for the period was SEK 1,185,000 or SEK 0.06 per diluted share compared with SEK 10,686,000 or SEK 0.06 per diluted share for the same period a year ago. Cash outflow from operating activities was SEK 4,215,000 compared with cash inflow from operating activities of SEK 10,905,000 for the same period a year ago.

For the year, the consolidated company reported total revenues of SEK 112,831,000 compared with SEK 109,064,000 for the same period a year ago. Operating profit was SEK 16,218,000 compared with SEK 29,510,000 for the same period a year ago. Profit before tax was SEK 16,199,000 compared with SEK 17,370,000 for the same period a year ago. Net profit for the period was SEK 12,965,000 or SEK 0.76 per diluted share compared with SEK 12,402,000 or SEK 1.13 per diluted share for the same period a year ago. Cash inflow from operating activities was SEK 11,648,000 compared with SEK 3,837,000 for the same period a year ago.

For the quarter, the parent company reported total revenues of SEK 135,000 compared with SEK 120,000 for the same period a year ago. Operating loss was SEK 3,025,000 compared with SEK 3,500,000 for the same period a year ago. Loss before tax was SEK 23,032,000 compared with SEK 3,086,000 for the same period a year ago. Loss for the period was SEK 23,032,000 compared with SEK 3,062,000 for the same period a year ago.

For the year, the parent company reported total revenues of SEK 636,000 compared with SEK 480,000 for the same period a year ago. Operating loss was SEK 16,436,000 compared with SEK 10,609,000 for the same period a year ago. Loss before tax was SEK 49,963,000 compared with SEK 6,154,000 for the same period a year ago. Loss for the period was SEK 49,904,000 compared with SEK 6,022,000 for the same period a year ago.