Coal Energy S.A. reported unaudited consolidated earnings and production results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported revenue of $2,915,000 against $6,916,000 a year ago. Operating loss was $1,222,000 against operating profit of $169,000 a year ago. Profit before tax was $496,000 against loss before tax of $2,131,000 a year ago. Profit for the period was $630,000 against loss for the period of $2,062,000 a year ago. Profit for the period attributable to equity holders of the parent was $615,000 or 1.37 cents per share basic against loss for the period attributable to equity holders of the parent of $2,042,000 or 4.54 cents per share basic a year ago. LBITDA was $0.6 million.

For the nine months, the company reported revenue of $8,183,000 against $20,722,000 a year ago. Operating loss was $1,855,000 against operating profit of $743,000 a year ago. Loss before tax was $8,296,000 against $9,459,000 a year ago. Loss for the period was $7,972,000 against $9,083,000 a year ago. Loss for the period attributable to equity holders of the parent was $7,923,000 or 17.60 cents per share basic against $9,048,000 or 20.10 cents per share basic a year ago. Net cash flow from operating activity was $33,000 against net cash used in operating activities of $6,000 a year ago. Purchase of property, plant and equipment and intangible assets was $15,000 against $50,000 a year ago. EBITDA was $0.2 million against $4.0 million a year ago.

For the quarter, the company reported total production of 29,300 tonnes.

For the nine months, the company reported total production of 84,300 million against 320,000 a year ago.