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For the six months ended 30 June 2017, Veresen Inc revenues increased 17% to C$28M. Net income applicable to common stockholders excluding extraordinary items increased from C$18M to C$55M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Project development cost decrease of 46% to C$42M (expense), Equity Income increase of 21% to C$111M (income).
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Revenue | 16 | 12 | 53 | 39 |
Gross Profit | 8 | 7 | 29 | 24 |
Operating Income | -39 | -23 | -265 | -29 |
Net Income | 157 | 53 | 6 | 25 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Assets | 4264 | 4740 | 4572 | 4631 |
Total Liabilities | 1475 | 1959 | 1740 | 1724 |
Total Equity | 2789 | 2781 | 2832 | 2907 |
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 | 157 | 71 | 277 | 192 |
Cash From Investing Activities | 209 | -151 | -305 | -278 |
Cash From Financing Activities | -295 | 134 | 107 | 136 |
Net Change in Cash | 65 | 53 | 80 | 48 |
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