VANCOUVER, British Columbia (AP) _ Africa Oil Corp. (AOIFF) on Monday reported fourth-quarter profit of $54.9 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 12 cents.

For the year, the company reported net income of $190.7 million, or 40 cents per share, swinging to a profit in the period.

The company's shares closed at $2.28. A year ago, they were trading at $1.02.

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