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For the three months ended 31 March 2016, Africo Resources Ltd. revenues was not reported. Net income totaled $1.6M vs. loss of $3.9M. Net income reflects Foreign exchange gain (loss) increase from $3.3M (expense) to $2.1M (income), Exploration and evaluation expenditures decrease of 17% to $371K (expense), Travel decrease of 77% to $3K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.05 to $0.02.
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Total Revenue | 0 | 0 | 0 | 0 |
Gross Profit | ||||
Operating Income | -0.6 | -0.85 | -0.79 | -0.63 |
Net Income | 1.63 | -1.98 | -3.02 | 0 |
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Total Assets | 66.05 | 64.44 | 66.36 | 69.45 |
Total Liabilities | 1.31 | 1.32 | 1.27 | 1.34 |
Total Equity | 64.75 | 63.12 | 65.09 | 68.11 |
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -0.53 | -2.64 | -2.01 | -1.16 |
Cash From Investing Activities | 0.04 | 33.67 | 32.97 | 24.15 |
Cash From Financing Activities | ||||
Net Change in Cash | 1.65 | 24.7 | 25.97 | 20.9 |
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