InterOil Corp. Q2 Loss Narrows - Quick Facts

(RTTNews) - InterOil Corp. (IOC), an integrated oil and gas company, Tuesday reported a narrower loss for the second quarter, helped by increase in total volume of all products sold.

For the three-month period, the company reported net loss of $13.2 million or $0.27 per share compared with $31.7 million or $0.66 per share loss during the same quarter last year. The company cited a $42.2 million increase in gross margin because of a relatively stable crude and product price.

On average, two analysts polled by Thomson Reuters expected loss per share of $0.07 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues increased to $345.7 million from $299.1 million last year. Analysts expected the company to report revenues of $261.35 million.

The total volume of all products sold was 2.4 million barrels, compared with 1.8 million barrels a year ago, primarily due to increased refinery exports.