Business
Almonty announces the filing of its financial statements and MD&A for the year ended September 30, 2013
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / ...
About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\n/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN,\n INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A\n VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION/ \n\n\nINVESTOR CONFERENCE CALL FRIDAY DECEMBER 20 8:30am EST\n\n\nRevenue of $4.7million and EBITDA1 of $0.6 million for the fourth quarter and Revenue of $18.3 million and\n EBITDA1 of $4.4 million for the Year \n\n\nTORONTO, Dec. 19, 2013 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSXV: AII) today announced the filing of its audited consolidated\n financial statements and management discussion & analysis (\"MD&A\") for the year ended September 30, 2013.  Unless otherwise indicated,\n all currency amounts contained in this news release are in thousands of\n Canadian dollars.\n\n\nAlmonty reported revenue of $4,730, gross profit of $1,448 representing\n a gross profit margin of 30.6%, EBITDA1 of $567 and net loss of ($1,014) for the three month period ended\n September 30, 2013.  For the Year ended September 30, 2013 revenue\n totalled $18,341, gross profit was $7,921 representing a gross profit\n margin of 43.2%, EBITDA1 of $4,400 and net loss of ($2,239).\n\n\nProduction levels for the three months ended September 30, 2013 totalled\n 15,717 MTU of WO3 concentrate, an increase of 27.4% over the three months ended June 30,\n 2013 as a result of a return to normal operations during Q4 after the\n forced shutdown from the fire at the end of Q3.  Almonty has completed\n its plant optimization program at the end of Q3 and fined tuned the\n processing circuit during Q4.  The Company has also completed its\n connection to the Spanish state electricity grid.  Cash operating costs\n for the three months ended September 30, 2013 were US$172 /MTU, a\n decrease of 13.1% over the three months ended June 30, 2013.  The\n Company anticipates that operating costs will continue to decline going\n forward as it continues to implement its cost reduction program.\n\n\nSummary operating information:\n\n\n\n\n \n\n\nThree Months\nEnded\nSeptember 30,\n2013\n\n\nThree Months\nEnded\nSeptember 30,\n2012\n\n\nYear Ended\nSeptember\n30, 2013\n\n\nYear Ended\nSeptember\n30, 2012\n\n\nYear Ended\nSeptem...