Global Hunter Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Nov. 30, 2011
Global Hunter Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended Nov. 30, 2011. For the quarter, the company reported loss before non-operating items of CAD 590,288 against CAD 855,612 a year ago. Net loss was CAD 644,390 or 0.25 cents per basic and diluted share against CAD 870,034 or 0.47 cents per basic and diluted share a year ago. Net cash used in operating activities was CAD 660,911 against CAD 1,145,190 a year ago. Additions to equipment were CAD 43,505 against CAD 2,555 a year ago.
For the nine months, the company reported loss before non-operating items of CAD 2,134,178 against CAD 1,417,977 a year ago. Net loss was CAD 2,180,256 or 0.85 cents per basic and diluted share against CAD 1,212,687 or 0.84 cents per basic and diluted share a year ago. Net cash used in operating activities was CAD 2,085,124 against CAD 2,006,841 a year ago. Additions to equipment were CAD 49,333 against CAD 3,854 a year ago.