Petaquilla Minerals Ltd. highlights results for 4th quarter of fiscal 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that its fourth quarter results of fiscal year 2011 show significant improvements. As a result of improved operational performance and rising gold prices, a net profit of US$5.4 million was generated during the fourth quarter. This second consecutive profitable quarter confirms the Company's improved profitability profile. Petaquilla's accumulated net income of US$7.5 million in the last two quarters of fiscal year 2011 reflects a positive trend in net results and the Company forecasts a positive net income for fiscal year 2012.