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For the six months ended 31 December 2015, Simavita Ltd revenues decreased 23% to C$351K. Net loss increased 41% to C$5.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Sales, marketing and distribution increase from C$913K to C$2.9M (expense), Research and development increase of 7% to C$1.3M (expense).
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.15 | 0.2 | 0.16 | 0.16 |
Gross Profit | 0.09 | 0.12 | 0.12 | 0.1 |
Operating Income | -3.04 | -3.01 | -3.59 | -2.46 |
Net Income | -3.04 | -2.68 | -3.28 | -2.11 |
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Total Assets | 5.76 | 8.96 | 11.42 | 6.11 |
Total Liabilities | 1.14 | 1.29 | 1.23 | 0.97 |
Total Equity | 4.62 | 7.67 | 10.19 | 5.14 |
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -6.56 | -2.92 | -9.02 | -6.11 |
Cash From Investing Activities | -0.05 | -0.04 | -0.21 | -0.18 |
Cash From Financing Activities | 0 | 0 | 11.39 | 3.62 |
Net Change in Cash | -6.61 | -2.93 | 2.18 | -2.66 |
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