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For the six months ended 30 June 2018, Greka Drilling Ltd revenues decreased 37% to $2.3M. Net loss increased from $1.2M to $2.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest expense on loans increase of 98% to $1.1M (expense), Change in FV derivatives decrease of 5% to $355K (income).
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 2.26 | 8 | 3.59 | 4.54 |
Gross Profit | -1.09 | 2.73 | 0.69 | 0.3 |
Operating Income | -2.57 | 0.49 | -1 | -1.97 |
Net Income | -2.78 | -1.48 | -1.21 | -2.22 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 93.85 | 91.3 | 94.81 | 92.14 |
Total Liabilities | 41.51 | 34.97 | 39.37 | 36.58 |
Total Equity | 52.34 | 56.34 | 55.44 | 55.56 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 6 Months | 12 Months | 6 Months | 12 Months |
Cash From Operating Activities | 4.32 | -3.04 | -0.31 | -4.19 |
Cash From Investing Activities | -3.93 | -0.28 | -2.67 | 1.81 |
Cash From Financing Activities | -0.17 | 1.72 | 1.69 | 5.01 |
Net Change in Cash | -0.58 | -1.49 | -2.07 | 1.78 |
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