Pegmont Mines Limited Announces Consolidated Earnings Results for the Half Year Ended June 30, 2017
Pegmont Mines Limited announced consolidated earnings results for the half year ended June 30, 2017. For the period, the company reported revenue from continuing operations was negative $3,235 against revenue of $6,915 a year ago. Investment income was $5,564 against $850 a year ago. Net profit from ordinary activities after income tax was $226,738 against loss of $10,955 a year ago. Profit attributable to members of the Pegmont Mines NL and recognised directly in equity was $226,738 against loss of $10,955 a year ago. Basic earnings per share were 0.3 cents against loss per share of 0.01 cents a year ago. Net cash used in operating activities was $29,639 against $111,388 a year ago. Exploration expenditure was $22,145 against $34,584 a year ago.