Wollongong Coal Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended September 30, 2016
November 30, 2016 at 04:31 pm EST
Wollongong Coal Limited reported unaudited consolidated earnings results for the half year ended September 30, 2016. For the year, the company reported revenue of AUD 9,573,000 compared to AUD 7,267,000 a quarter ago. Loss before income tax expense was AUD 30,408,000 compared to AUD 70,770,000 a year ago. Loss after income tax expense for the year attributable to the owners of the company was AUD 30,408,000 compared to AUD 70,770,000 a quarter ago. Basic and diluted loss per share was 0.36 cents compared to 1.03 cents a year ago. Net cash used in operating activities was AUD 32,983,000 compared to AUD 50,860,000 a year ago. Payments for mine development were AUD 5,343,000 against AUD 7,696,000 a year ago. Payments for property, plant and equipment was AUD 467,000.