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UK-based Premier Oil, which suffered a loss of $253.8m in 2017, yesterday reported a post-tax profit hike to $133.4m for 2018. Revenue for the British oil and gas firm climbed on the back of record production last year. Premier Oil’s earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX) boosted by 50% to $882.3m. Cash flow from operations saw an increase of 64% to $777.2m.