Sagalio Energy Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended Dec. 31, 2016
March 16, 2017 at 02:15 am EDT
Sagalio Energy Limited reported unaudited consolidated earnings results for the half year ended Dec. 31, 2016. For the period, the company reported loss before income tax from continuing operations of $751,000 compared to $6,192,000 a year ago. Loss for the period from continuing operations was $751,000 compared to $6,192,000 a year ago. Total comprehensive loss attributable to members of the parent entity was $751,000 compared to $6,192,000 a year ago. Basic and diluted loss per share from continuing operations was 0.37 cent compared to 3.03 cents a year ago. Net operating cash flows were $343,000 compared to $780,000 a year ago. Payments for exploration and evaluation activities to related parties were $41,000 compared to $99,000 a year ago.