Atlas Pearls Ltd Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2018
August 30, 2018 at 01:15 pm IST
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Atlas Pearls Ltd. announced audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue from continuing operations of AUD 14,210,795 compared with AUD 16,355,404 for the same period a year ago. Loss before income tax was AUD 1,984,116 compared with profit of AUD 804,487 for the same period a year ago. Loss after tax for the period from continuing operations was AUD 2,034,099 compared with profit of AUD 900,581 for the same period a year ago. Loss attributable to owners of the company was AUD 2,034,099 or 0.48 cents per basic share against profit of AUD 900,581 or 0.21 cents per basic share a year ago. Net cash used in operating activities was AUD 701,080 compared with AUD 70,077 for the same period a year ago. Payments for property, plant and equipment was AUD 675,794 compared with AUD 1,307,180 for the same period a year ago.
Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.
ATLAS PEARLS LIMITED 
