RTG Mining Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
March 31, 2017 at 02:26 pm IST
RTG Mining Inc. reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter loss from continuing operations and net loss was $81,495 compared to $1,528 a year ago. Basic and diluted loss per share was 54.61 cents compared to 1.17 cents a year ago. Basic and diluted loss per share from continuing operations was 54.70 cents compared to 1.17 cents a year ago.
For the year, other income was $264,946 compared to $4,059 a year ago. Loss before income tax from continuing operations was $85,523,201 compared to $9,236,315 a year ago. Loss attributable to equity holders of the company was $84,823,358 compared to $9,237,776 a year ago. Total comprehensive loss attributable to owners of the company was $84,496,385 compared to $8,991,900 a year ago. Basic and diluted loss per share from continuing operations attributable to the ordinary shareholders of the company was 56.71 cents compared to 6.90 cents a year ago. Net cash outflow from operating activities was $4,268,814 compared to $3,733,912 a year ago. Payments for property, plant & equipment was $10,704 compared to $680 a year ago.