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For the six months ended 30 June 2017, Polaris Materials Corp revenues increased 2% to $21.6M. Net loss decreased 39% to $1.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Foreign exchange loss decrease of 40% to $662K (expense), Other gains (losses) decrease from $45K (expense) to $6K (income).
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Revenue | 12.24 | 9.39 | 11.7 | 12.27 |
Gross Profit | 1.31 | 0.66 | 0.95 | 1.22 |
Operating Income | -0.61 | -1.17 | -0.76 | -0.13 |
Net Income | -0.63 | -1.14 | -0.84 | -0.16 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Assets | 76.61 | 75.08 | 77.5 | 76.53 |
Total Liabilities | 5.41 | 4.41 | 6.17 | 3.6 |
Total Equity | 71.2 | 70.67 | 71.32 | 72.94 |
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 | 1.96 | 1.13 | 4.29 | -2.41 |
Cash From Investing Activities | -2.55 | -0.47 | -1.69 | -1.45 |
Cash From Financing Activities | -0.18 | -0.07 | -0.48 | -0.35 |
Net Change in Cash | -0.74 | 0.61 | 2.36 | -3.9 |
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