12th Jun 2018 18:02
LONDON (Alliance News) - ContourGlobal PLC said Tuesday that its pretax loss for the year ended March 31 widened to USD24.5 million from USD13.0 million.
Selling, general and administrative expenses appear to be responsible for this, up 19% to USD12.0 million from USD10.1 million the year before.
In a quarterly statement, the power generation company said that its consolidated revenue was up 16% year-on-year at USD255.1 million compared with USD220.0 million.
The company's adjusted earnings before interest, taxes, depreciation, and amortization totalled USD119.0 million, up 17% from USD101.5 million a year earlier.
As at March 31, cash flows available for corporate debt service stood at USD251.0 million and its liquidity at parent level was USD373.0 million.
Shares in ContourGlobal closed up 3.6% at 230.00 pence on Tuesday.
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