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For the fiscal year ended 30 June 2019, Echo Resources Limited revenues decreased 9% to A$46K. Net loss increased from A$13.2M to A$26.7M. Revenues reflect Gold sales decrease from A$5K to A$0K. Higher net loss reflects Exploration and evaluation expenses increase of 15% to A$9M (expense), Corporate expenses - Balancing value increase of 71% to A$2.1M (expense), Administration expenses increase of 25% to A$992K (expense).
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Revenue | 0.03 | 0.01 | 0.03 | 0.02 |
Gross Profit | ||||
Operating Income | -19.96 | -6.77 | -7.01 | -6.22 |
Net Income | -19.96 | -6.77 | -6.93 | -6.22 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Assets | 22.66 | 10.89 | 12.53 | 25.06 |
Total Liabilities | 15.66 | 4 | 2.78 | 2.2 |
Total Equity | 7 | 6.88 | 9.75 | 22.86 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 12 Months | 6 Months |
Cash From Operating Activities | -13.52 | -5.97 | -12.03 | -5.51 |
Cash From Investing Activities | -0.65 | -0.28 | -0.22 | 0.17 |
Cash From Financing Activities | 23.92 | 4.01 | 18.77 | 18.97 |
Net Change in Cash | 9.75 | -2.25 | 6.52 | 13.63 |
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