* Q4 EPS $0.76 vs loss $0.06/shr year ago
* Revenue up nearly four-fold
* Sees exploration spending at $180 mln for 2011
June 24 Canadian oil and gas company Niko
Resources Ltd's (NKO.TO) reported a fourth-quarter profit
compared with a loss in the year ago, driven mainly by ramp up
of operations at one of its key gas projects in India.
For the fourth quarter ended March 31, the company earned
$38.7 million, or 76 cents a share, compared with a loss of
$3.1 million, or 6 cents a share, a year ago.
Revenue rose nearly four-fold to $110.6 million.
The company, which owns a 10 percent working interest in D6
block in India's Krishna-Godavari basin with Reliance
Industries (RELI.BO) owning the rest, said gas production at
the block was 217 million cubic feet per day at March-end.
The company has a cash balance of $246 million and said
exploration spending is expected to increase to about $180
million for fiscal 2011.
Shares of the Calgary, Alberta-based company closed at
C$105.37 Wednesday on the Toronto Stock Exchange.
(Reporting by Koustav Samanta in Bangalore; Editing by