05:03 PM EDT, 07/30/2024 (MT Newswires) -- Yangarra Resources ( YGRAF ) on Tuesday said its second-quarter profit rose 19% despite lower revenue.

The oil and gas producer said it earned $9.35 million, or $0.09 per share, in the period, up from $7.83 million, or $0.08, in the year-prior quarter.

Revenue fell 7% to $35.72 million from $38.4 million.

The company said production fell to 11,366 barrels of oil equivalent per day in the quarter, down 6%.

The company's shares closed down $0.02 to $1.02 on the Toronto Stock Exchange.