Etrion Corporation Announces Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2017
For the nine months, the company reported revenues of $19,245,000 against $10,254,000 a year ago. EBITDA was $4,474,000 against $298,000 a year ago. Net income from continuing operations was $20,732,000 against net loss from continuing operations of $102,340,000 a year ago. Cash flow used in operations was $3,052,000 against $3,419,000 a year ago. Adjusted operating cash flow was $5,043,000 against $586,000 a year ago. Consolidated net debt on a cash basis was $5,691,000.
For the quarter, the company reported electricity production of 49,174 MWh against 41,705 MWh a year ago.
For six months, the company reported electricity production of 141,563 MWh against 119,957 MWh a year ago.