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For the six months ended 30 June 2020, Magnolia Colombia Ltd revenues increased from C$0K to C$39K. Net loss increased 50% to C$701K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Professional fees increase from C$48K to C$159K (expense), Consulting and management fees increase of 31% to C$410K (expense).
Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
---|---|---|---|---|
Total Revenue | 0.04 | 0 | 0 | 0 |
Gross Profit | ||||
Operating Income | -0.35 | -0.36 | -0.23 | -0.21 |
Net Income | -0.35 | -0.35 | -0.35 | -0.21 |
Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
---|---|---|---|---|
Total Assets | 2.19 | 2.45 | 2.79 | 3.14 |
Total Liabilities | 0.53 | 0.44 | 0.43 | 0.42 |
Total Equity | 1.66 | 2.01 | 2.36 | 2.71 |
Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -0.68 | -0.37 | -0.93 | -0.67 |
Cash From Investing Activities | -0.17 | -0.25 | ||
Cash From Financing Activities | 0.04 | 0 | 0 | |
Net Change in Cash | -0.81 | -0.62 | -0.92 | -0.67 |
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