Van Der Horst Energy posts 30% fall in 3Q earnings to $3m

Van Der Horst Energy reported a 29.8% fall in earnings to $3 million from a year ago for the third quarter ended Feb 29, 2012. Turnover increased 29.9% to $27.27 million. However, other income was cut substantially due to the reduction in gain on disposal of quoted available-for-sale investments and dividend received. Earnings per share was 0.65 cents, down from 0.92 cents a year ago.