Intercontinental Gold and Metals Ltd. Announces Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Announces Changes of Fiscal Year-End from March 31 to December 31
For the period of April 1, 2018 to December 31, 2018 revenue was $126.5 million ($7.15 per share) which compares to $19.4 million ($2.14 per share) during the previous year comparable period, which was a partial year of operations starting in August 2017. For comparative purposes total reported revenue for the twelve-month period of January 1, 2018 to December 31, 2018 was approximately $139.5 million ($7.74 per share) which compares to $19.4 million ($2.14 per share) during the comparable period of the previous year, which was a partial year of operations starting in August 2017. The company reported a net loss of $1,145,912 with basic and diluted loss per share of $0.07. This compares with a net loss of $1,558,359 with basic and diluted loss per share of $0.15 for the twelve months and year ended March 31, 2018.
The company has changed its fiscal year-end from March 31 to December 31 in order to align with its Latin American subsidiaries.