Barnwell Industries Inc. sees net loss, exec pay cuts continue


A $1.3 million, or $0.16 per share, loss was reported by Honolulu-based oil and gas company Barnwell Industries Inc. (NYSE: BRN) over the three month quarter ending in June.

At the end of the December 2018 quarter, the company reported that the CEO and CFO of Barnwell Industries Inc. each agreed to a 26% pay cut following the report of a net loss of $4.6 million, or 56 cents per share, in the quarter ending Dec. 31. According to EVP and CFO Russell M. Gifford, that pay cut has not increased but…

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