Malaga Reports $0.2M Net Income and Cash Flow for Q2

Malaga Inc. (TSX:MLG,OTCQX:MLGAF) reports a net income of $0.2M and cash flow from operating activities of $1.8M for its second quarter, ended June 30, 2012.

As quoted in the press release:

Second Quarter and First Six-Month Highlights:

• Net income of $0.2M for Q2-2012, and $0.3M for the six-month period ended June 30, 2012;
• Cash flow from operating activities of $1.8M for Q2-2012 and $2.8M for the six-month period;
• EBITDA of $0.8M for Q2-2012 and $1.4M for the six-month period;
• Total sales for the quarter of $5.0M and $8.6M for the six-month period;
• Copper by-product sales for the quarter of $0.6M and $0.7M for the six-month period;
• Advances on sales of $1.4M to fund the construction of a pilot plant to recover tailings and other programs to increase output;
• Completion of the first phase of the exploration campaign.

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