Falcon Energy Group Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2018
Falcon Energy Group Limited announced audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of USD 44,537,000 against USD 106,824,000 a year ago. Loss before income tax was USD 93,453,000 against USD 173,788,000 a year ago. Loss for the year was USD 93,444,000 against USD 163,681,000 a year ago. Basic and diluted loss per share was 9.18 cents against 15.10 cents a year ago. Net cash from operating activities was USD 5,168,000 against USD 14,867,000 a year ago. Purchase of property, plant and equipment was USD 4,156,000 against USD 2,162,000 a year ago. Net debt on June 30, 2018 was USD 146,570,000 against USD 158,295,000 a year ago.