Neptune Marine Services Limited Announces Audited Consolidated Earnings Results for the Year Ended March 31, 2016
Neptune Marine Services Limited announced audited consolidated earnings results for the year ended March 31, 2016. For the year, the company, reported revenue of AUD 118,481,000 compared to AUD 135,415,000 a year ago. Total revenue was AUD 118,604,000 compared to AUD 135,527,000 a year ago. Loss from continuing operations before income tax was AUD 8,433,000 compared to profit of AUD 4,173,000 a year ago. Net loss for the period was AUD 7,092,000 or AUD 0.15 per diluted share compared to profit of AUD 2,820,000 or AUD 0.045 per diluted share a year ago. Net cash flows derived from operating activities were AUD 3,788,000 compared to AUD 12,321,000 a year ago. Purchase of property, plant and equipment was AUD 4,985,000 compared to AUD 9,092,000 a year ago.