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MAGMA ENERGY ANNOUNCES HS ORKA';S RELEASE OF MID YEAR FINANCIAL RESULTS
//business-finance.news-articles.net/content/201 .. rka-s-release-of-mid-year-financial-results.html
Published in Business and Finance on Tuesday, August 31st 2010 at 3:40 GMT by Market Wire
Published in Business and Finance on Tuesday, August 31st 2010 at 3:40 GMT by Market Wire

------------------------------------------------------------------------- For the For the Six Months Ended Year Ended June 30, 2010 December 31, 2009 ------------------------------------------------------------------------- Total revenue 27.5 49.8 ------------------------------------------------------------------------- Cost of energy production (18.1) (35.5) ------------------------------------------------------------------------- Gross profit 9.4 14.3 ------------------------------------------------------------------------- Other operating expenses (1.5) (2.9) ------------------------------------------------------------------------- Results from operating activities 7.9 11.4 ------------------------------------------------------------------------- Other income (expenses) (29.6) 46.3 ------------------------------------------------------------------------- Income tax recovery (expense) 3.5 (7.4) ------------------------------------------------------------------------- Income (loss) for the period (18.2) 50.3 ------------------------------------------------------------------------- EBITDA 12.1 19.1 ------------------------------------------------------------------------- Total assets 299.2 318.5 ------------------------------------------------------------------------- Total liabilities 201.3 217.8 ------------------------------------------------------------------------- Cash and cash equivalents 7.7 1.2 ------------------------------------------------------------------------- Working capital (deficiency)* 20.4 6.6 ------------------------------------------------------------------------- * current assets - current liabilities (net of current portion of long term debt)
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