Mercantile Investment Company Limited Reports Consolidated Earnings Results for the Six Months Ended December 31, 2017
February 23, 2018 at 09:49 am IST
Mercantile Investment Company Limited reported consolidated earnings results for the six months ended December 31, 2017. For the six months, the company reported income of revenue from continuing operations of AUD 3,371,319 against AUD 2,644,932 a year ago. Profit before income tax was AUD 5,859,823 against loss before income tax of AUD 4,665,293 a year ago. Profit for the period was AUD 4,415,821 against loss for the period of AUD 3,113,154 a year ago. Profit attributable to members of the parent entity was AUD 4,442,544 against loss attributable to members of the parent entity of AUD 3,034,709 a year ago. Basic and diluted earnings per share were 1.59 cents against basic and diluted loss per share of 1.08 cents a year ago. Net cash provided by operating activities was AUD 3,657,488 against net cash used in operating activities of AUD 1,031,412 a year ago. Payments for financial assets were AUD 4,825,684 against AUD 2,391,009 a year ago. Revenue from ordinary activities was AUD 9,867,967.