Business
Almonty Announces the Filing of its Financial Statements and MD&A for the Year Ended September 30, 2014
/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 UNITED STATES/\n\nINVESTOR CONFERENCE CALL Thursday January 29 9:00am EST\n\nRevenue of $8.4million and Earnings from mining operations of $2.7million for the fourth quarter and Revenue of $26.9 million and Earnings from mining operations of $14.7million for the Year \n\n\n\nTORONTO, Jan. 29, 2015 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced the filing of its audited consolidated financial statements and management discussion & analysis (\"MD&A\") for the year ended September 30, 2014.  Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars.\n\nThe following financial information is for the three months and years ended September 30, 2014, and 2013: \n\nHistorical periods have been restated.  Readers are referred to Note 2 and Note 25 of the Company's audited consolidated financial statements for the year ended September 30, 2014 for further details.\n\n\n\n\n\n\nThree Months\n\n\nRestated \n\n\n\n\n\nEnded\n\n\nThree Months \n\n\n\n\n\nSeptember 30,\n\n\nEnded \n\n\n\n\n\n2014\n\n\nSeptember 30,\n\n\n\n\n\n$'000\n\n\n2013\n\n\n\n\n\n\n$'000\n\n\n\nGross Revenue\n\n\n\n8,451\n\n\n4,730\n\n\n\nMine operating costs\n\n\n\n3,815\n\n\n3,304\n\n\n\nDepreciation and amortization\n\n\n\n1,972\n\n\n1,378\n\n\n\nEarnings from mining operations\n\n\n\n2,664\n\n\n48\n\n\n\nGeneral and administrative costs\n\n\n\n846\n\n\n737\n\n\n\nNet other expense (income)\n\n\n\n708\n\n\n(61)\n\n\n\nNon-cash compensation costs \n\n\n\n-\n\n\n14\n\n\n\nEarnings (loss) before the undernoted items\n\n\n\n1,110\n\n\n(642)\n\n\n\n\n\n\n\n\nInterest expense\n\n\n\n139\n\n\n97\n\n\n\nLoss due to fire\n\n\n\n-\n\n\n\n\nGain from insurance settlement\n\n\n\n-\n\n\n(928)\n\n\n\nDeferred tax provision\n\n\n\n(502)\n\n\n(1,840)\n\n\n\nNet income (loss) for the period\n\n\n\n1,473\n\n\n2,029\n\n\n\nIncome (loss) per share basic \n\n\n\n$0.03\n\n\n$0.05\n\n\n\nIncome (loss) per share diluted\n\n\n\n$0.03\n\n\n$0.05\n\n\n\nDividends\n\n\n\n$0.0272\n\n\n-\n\n\n\n\n\n\n\n\nCash flows provided by (used in) operating activities \n\n\n\n2,227\n\n\n(56)\n\n\n\nCash flows provided by (used in) investing activities\n\n\n\n(1,207)\n\n\n(1,792)\n\n\n\nCash flows pro...