Atlas Pearls Ltd Announces Unaudited Consolidated Earnings Results for Six Months Ended December 31, 2017
February 25, 2018 at 09:27 pm EST
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Atlas Pearls Ltd. announced unaudited consolidated earnings results for six months ended December 31, 2017. For the period, the company reported revenue from continuing operations of AUD 6,349,349, loss before income tax of AUD 1,682,525, loss for the period from continuing operations after income tax of AUD 1,544,655, loss attributable to owners of the company of AUD 2,108,785 or 0.37 cents per diluted share, net cash used in operating activities of AUD 286,281, payments for property, plant and equipment of AUD 336,762, normalized negative EBITDA of AUD 534,744 compared to the revenue from continuing operations of AUD 7,360,558, profit before income tax of AUD 822,937, profit for the period from continuing operations after income tax of AUD 423,602, profit attributable to owners of the company of AUD 423,602 or 0.10 cents per diluted share, net cash used in operating activities of AUD 1,314,747, payments for property, plant and equipment of AUD 684,294, normalized EBITDA of AUD 696,903 for the same period a year ago.
Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.
ATLAS PEARLS LIMITED 