Coal Energy S.A. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended March 31, 2018
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.