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For the three months ended 31 March 2015, Arcan Resources Ltd. revenues decreased 7% to C$12.9M. Net loss before extraordinary items increased from C$5.9M to C$77.8M. Revenues reflect Petroleum and natural gas revenue decrease of 54% to C$14.6M. Higher net loss reflects Loss on convertible debenture conversion increase from C$0K to C$71.2M (expense), General and administrative expenses increase from C$1.5M to C$3.5M (expense).
Period Ending: | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Total Revenue | 12.91 | 16.49 | 25.09 | 54.85 |
Gross Profit | 7.87 | 11.74 | 19.99 | 43.42 |
Operating Income | -77.84 | -133.4 | 6.69 | 16.76 |
Net Income | -77.84 | -101.67 | 5.13 | -12.91 |
Period Ending: | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Total Assets | 471.78 | 479.89 | 582.43 | 600.27 |
Total Liabilities | 205.59 | 363.46 | 364.4 | 387.42 |
Total Equity | 266.19 | 116.43 | 218.03 | 212.85 |
Period Ending: | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | 9.07 | 35.43 | 24.64 | 17.79 |
Cash From Investing Activities | -24.38 | -26.94 | -16.34 | -22.11 |
Cash From Financing Activities | 12.54 | -14.94 | -15.01 | -4.9 |
Net Change in Cash | -2.78 | -6.44 | -6.71 | -9.22 |
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