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For the fiscal year ended 31 December 2018, Kina Petroleum Ltd revenues increased 51% to $5K. Net loss increased from $2.7M to $7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Exploration expense increase of 42% to $1.7M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.01 to -$0.02.
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Total Revenue | 0 | 0 | 0 | 0 |
Gross Profit | ||||
Operating Income | -5.37 | -1.65 | -1.42 | -1.2 |
Net Income | -5.35 | -1.65 | -1.45 | -1.22 |
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Total Assets | 27.92 | 34.39 | 35.1 | 32.19 |
Total Liabilities | 0.33 | 1.47 | 0.54 | 0.35 |
Total Equity | 27.59 | 32.92 | 34.56 | 31.84 |
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 12 Months | 6 Months |
Cash From Operating Activities | -2.93 | -0.6 | -1.85 | -0.62 |
Cash From Investing Activities | -0.74 | -0.58 | -0.57 | -0.18 |
Cash From Financing Activities | 0 | 4.13 | ||
Net Change in Cash | -3.71 | -1.18 | 1.79 | -0.8 |
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