Mirach Energy Limited Reports Unaudited Group Earnings Results for Third Quarter and Nine Months Ended September 30, 2017; Reports Impairment Charges for Third Quarter of 2017
For the nine months, the company's revenue was $303,000 compared to $531,000 a year ago. Loss before income tax was $615,000 compared to $2,254,000 a year ago. Loss for the period attributable to equity holders of the company was $629,000 compared to $2,191,000 a year ago. Cash flows used in operating activities was $2,896,000 against $187,000 a year ago. Basic and diluted loss per share was 0.53 cents against 1.84 cents a year ago.
For the quarter, the company's impairment loss on oil and gas properties was $7,000 and impairment loss on property, plant and equipment was $7,000.