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For the six months ended 30 June 2018, PHH Corporation revenues increased 29% to $110M. Net loss before extraordinary items decreased 28% to $63M. Revenues reflect Mortgage Services segment increase of 52% to $73M. Lower net loss reflects Other segment loss decrease of 92% to $5M, Mortgage Services segment loss decrease of 65% to $27M. Basic Earnings per Share excluding Extraordinary Items decreased from -$1.63 to -$1.93.
Period Ending: | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 |
---|---|---|---|---|
Total Revenue | 46 | 64 | 109 | 131 |
Gross Profit | 18 | 32 | 52 | 39 |
Operating Income | -25 | -12 | -7 | -68 |
Net Income | -35 | -30 | -49 | -55 |
Period Ending: | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 |
---|---|---|---|---|
Total Assets | 1442 | 1513 | 1811 | 2301 |
Total Liabilities | 953 | 990 | 1258 | 1707 |
Total Equity | 489 | 523 | 553 | 594 |
Period Ending: | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 0 Months | 9 Months |
Cash From Operating Activities | 108 | 163 | -3 | |
Cash From Investing Activities | 7 | 5 | 140 | |
Cash From Financing Activities | -203 | -215 | -549 | |
Net Change in Cash | -88 | -47 | -412 |
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