North American Tungsten Corp. Ltd. Announces Audited Consolidated Earnings Results for the Year Ended September 30, 2011
North American Tungsten Corp. Ltd. announced audited consolidated earnings results for the year ended September 30, 2011. For the period, the company reported sales of $55,652,000 against $13,792,000 a year ago. Net loss before income taxes was $17,187,000 against $12,376,000 a year ago. Net loss and comprehensive loss was $16,832,000 or $0.07 per basic and diluted share against $11,937,000 or or $0.06 per basic and diluted share a year ago. Cash flows used in operating activities was $14,140,000 against $2,800,000 a year ago. Purchase of property, plant and equipment was $17,138,000 against $5,175,000 a year ago.