Migao Corporation (TSX:MGO) announced their second quarter results.
Migao Corporation (TSX:MGO) announced their second quarter results.
As quoted in the press release:
Migao reported revenue of $29.4 million for the first quarter ended June 30, 2013 as compared to revenue of $32.5 million for the same period ended June 30, 2012. Net loss for the quarter was $5.1 million or ($0.10) per basic share as compared to net loss of $3.9 million or ($0.07) per basic share. The decline in revenue as compared to the first quarter a year ago, is primarily a result of significantly lower sales of potassium chloride, as well as lower average selling price of potassium nitrate. Offsetting those declines were increased revenue from potassium sulphate as well as increased volume and average selling price of hydrochloric acid.
Migao’s CEO, Liu Guocai,said:
We expect the recent pricing and demand to continue and not slide to levels seen earlier. Our efforts to attract new customers in new regions as well as increase our offerings to existing customers will be instrumental in getting us back to profitability.
To view the whole press release, click here. Â
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1836.93 | +0.41 | |
Silver | 21.36 | -0.03 | |
Copper | 3.89 | -0.06 | |
Palladium | 1887.50 | +30.00 | |
Platinum | 931.50 | +3.50 | |
Oil | 104.61 | -1.58 | |
Heating Oil | 4.25 | -0.03 | |
Natural Gas | 6.75 | -0.11 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â