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For the six months ended 30 June 2019, Avanti Communications Group PLC revenues increased 1% to $30.2M. Net loss totaled $68.3M vs. income of $268.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects G/L on early Exting. of lease relat debt decrease from $53.8M (income) to $0K, Interest Capitalized decrease from $31.7M (income) to $0K.
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Revenue | 30.2 | 23.7 | 29.9 | 20.2 |
Gross Profit | 15.1 | -1.6 | 21.8 | 1.9 |
Operating Income | -34.6 | 112.9 | 40.4 | -30 |
Net Income | -68.3 | -220.6 | 268.6 | -85.2 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Assets | 794.5 | 800.5 | 979.3 | 918.7 |
Total Liabilities | 605 | 534.9 | 486.6 | 861.4 |
Total Equity | 189.5 | 265.6 | 492.7 | 57.3 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Period Length: | 6 Months | 18 Months | 12 Months | 6 Months |
Cash From Operating Activities | -16.8 | -69.6 | -65.1 | -42.5 |
Cash From Investing Activities | -9.2 | -84.7 | -65.5 | -34.4 |
Cash From Financing Activities | 33 | 146 | 108.7 | 111.9 |
Net Change in Cash | 6.9 | -8.7 | -21.7 | 35.7 |
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