Sagalio Energy Limited Reports Consolidated Earnings Results for the Half Year Ended Dec. 31, 2017
March 18, 2018 at 05:19 pm EDT
Sagalio Energy Limited reported consolidated earnings results for half the year ended Dec. 31, 2017. For the period, the company reported loss before income tax from continuing operations of $483,000 compared to $751,000 a year ago. Loss for the period from continuing operations was $446,000 compared to $751,000 a year ago. Total comprehensive loss attributable to members of the parent entity was $446,000 compared to $751,000 a year ago. Basic and diluted loss per share from continuing operations was 0.22 cent compared to 0.37 cents a year ago. Net operating cash flows were $252,000 compared to $343,000 a year ago. Payments for exploration and evaluation activities to related parties were $187,000 compared to $41,000 a year ago.