Metalo Manufacturing Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Reports Impairment of Property and Equipment for the Second Quarter Ended December 31, 2017
For the six months, the company reported net income before taxes of CAD 614,255 against loss before taxes of CAD 2,193,785 a year ago. Net income was CAD 413,606 against net loss CAD 1,577,701 a year ago. Net income attributable to shareholders of the corporation was CAD 181,007 or CAD 0.01 per share against net loss attributable to shareholders of the corporation of CAD 533,998 or CAD 0.03 per share a year ago.
For the second quarter, the company reported impairment of property & equipment of CAD 20,609.