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BPC sees its losses narrow

BPC, an oil and gas firm with offshore licence permits in the Commonwealth of the Bahamas, yesterday reported a narrower net loss in its fiscal 2009, helped by lower expenses. Fiscal 2009 loss narrowed to $2.425m (£1.582m) from $3.561m a year ago. Loss per share for the latest year were 0.31 cents, narrower than 0.49 cents in the year-ago period. Total comprehensive loss for the year was $2.66m, narrower than $3.43m in the previous year.