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For the six months ended 30 June 2019, Success Global Media Ltd revenues decreased 31% to A$16M. Net loss decreased 18% to A$6.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Marketing expenses decrease of 80% to A$1.5M (expense), Impairment/write back of loan receivable decrease of 74% to A$840K (expense).
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Revenue | 16.01 | 27.71 | 23.33 | 20.28 |
Gross Profit | 7.95 | 16.06 | 13.68 | 6.71 |
Operating Income | -5.96 | -5.91 | -7.59 | -7.38 |
Net Income | -6.77 | -9.04 | -8.26 | -8.75 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Total Assets | 20.59 | 16.18 | 22.64 | 19.34 |
Total Liabilities | 59.51 | 48.01 | 44.37 | 32.08 |
Total Equity | -38.92 | -31.83 | -21.73 | -12.74 |
Period Ending: | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 0.94 | -4.06 | 1.3 | 4.71 |
Cash From Investing Activities | -0.13 | -2.72 | -2.5 | -1.22 |
Cash From Financing Activities | -0.89 | 4.49 | -0.09 | 0.66 |
Net Change in Cash | -0.03 | -2.4 | -1.01 | 4.15 |
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