Efora Energy Limited Reports Consolidated Earnings Results for the Year Ended February 28, 2018
Efora Energy Limited reported consolidated earnings results for the year ended February 28, 2018. For the year, revenue was ZAR 2,631,069,000 against ZAR 1,171,247,000 a year ago. Loss from operations was ZAR 176,462,000 against ZAR 275,449,000 a year ago. Loss before taxation was ZAR 176,528,000 against ZAR 200,472,000 a year ago. Loss for the year was ZAR 175,859,000 against ZAR 205,349,000 a year ago. Loss attributable to equity holders of the company was ZAR 151,971,000 against ZAR 205,349,000 a year ago. Loss per basic and diluted share was 42.34 cents against 62.80 cents a year ago. Net cash used in operating activities was ZAR 86,106,000 against ZAR 79,168,000 a year ago. Purchase of property, plant and equipment was ZAR 863,000 against ZAR 586,000 a year ago. Purchase of oil and gas properties was ZAR 5,104,000 against ZAR 6,916,000 a year ago. Purchase of intangible assets was ZAR 410,000. Headline loss was ZAR 151,476,000 against ZAR 250,093,000 a year ago. Headline loss per basic and diluted share was 42.20 cents against 76.49 cents a year ago.