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For the six months ended 30 June 2017, Avnel Gold Mining Limited revenues decreased 22% to $4.8M. Net loss increased 87% to $5.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Administration expense increase of 69% to $3M (expense), Net (loss) on other financial derivative increase of 44% to $2M (expense).
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Revenue | 2.42 | 2.4 | 3.11 | 2.71 |
Gross Profit | -0.68 | -0.38 | 0.52 | 0.07 |
Operating Income | -2.61 | -1.41 | -1.01 | -0.86 |
Net Income | -2.07 | -3.07 | 0.7 | 3.28 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Assets | 32.23 | 32.55 | 24.82 | 25.71 |
Total Liabilities | -11.31 | -12.02 | -9.68 | -9.09 |
Total Equity | 43.54 | 44.57 | 34.49 | 34.8 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -3.78 | -2.72 | -2.85 | -2.62 |
Cash From Investing Activities | -1.33 | -0.46 | -1.55 | -1.06 |
Cash From Financing Activities | 10.24 | 10.22 | 0.89 | 0.86 |
Net Change in Cash | 5.16 | 7.05 | -3.49 | -2.8 |
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