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For the three months ended 30 June 2016, Migao Corp revenues decreased 23% to C$90.2M. Net loss increased 82% to C$9.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Foreign exchange (loss) gain decrease from C$2.2M (income) to C$907K (expense), General and administrative expenses increase of 30% to C$7.7M (expense).
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Revenue | 90.19 | 179.87 | 54.36 | 288.04 |
Gross Profit | 3.03 | 11.45 | 4.65 | 21.64 |
Operating Income | -8.57 | -11.39 | -3.95 | 2.48 |
Net Income | -9.91 | -10.32 | -7.31 | -8.29 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Assets | 656.93 | 747.36 | 809.7 | 782.77 |
Total Liabilities | 364.45 | 436.58 | 466.73 | 442.17 |
Total Equity | 292.48 | 310.78 | 342.96 | 340.6 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | 13.86 | 10.05 | 4.5 | 35.05 |
Cash From Investing Activities | 26.39 | -39.75 | -41.09 | -40.93 |
Cash From Financing Activities | -35.29 | 16.3 | 26.41 | 18.51 |
Net Change in Cash | 4.79 | -12.89 | -9.97 | 12.75 |
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