Dalmac Energy Inc. Reports Earnings Results for the Fourth Quarter and Fiscal Year Ended April 30, 2016; Provides Impairment Results for the Fourth Quarter Ended April 30, 2016
For the six months, the company reported revenue of CAD 21,569,000 compared to CAD 32,062,000 a year ago. EBITDAS was CAD 1,548,000 compared to CAD 3,626,000 a year ago. Net loss was CAD 2,675,000 compared to CAD 1,161,000 a year ago. Basic and diluted net loss per share was CAD 0.11 compared to CAD 0.05 a year ago.
The company provided impairment results for the fourth quarter ended April 30, 2016. For the quarter, the company reported impairment of assets in the amount of CAD 1.0 million.