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For the fiscal year ended 31 December 2017, Erin Energy Corp revenues increased 30% to $101.2M. Net loss increased 7% to $151.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Ghana segment loss increase of 22% to $2.1M, Development Costs increase from $1.7M to $56.4M.
Period Ending: | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
---|---|---|---|---|
Total Revenue | 21.66 | 33.64 | 45.87 | 31.28 |
Gross Profit | 2.22 | 7.18 | 8.76 | 5.78 |
Operating Income | -6.28 | -10.03 | -114.22 | -25.09 |
Net Income | -12.75 | -14.07 | -125.07 | -26.51 |
Period Ending: | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
---|---|---|---|---|
Total Assets | 251.13 | 229.49 | 190.93 | 287.4 |
Total Liabilities | 614.57 | 589.44 | 540.84 | 538.93 |
Total Equity | -363.44 | -359.94 | -349.91 | -251.53 |
Period Ending: | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
---|---|---|---|---|
Period Length: | 12 Months | 9 Months | 6 Months | 3 Months |
Cash From Operating Activities | 26.06 | 14.55 | 4.38 | 0.67 |
Cash From Investing Activities | -61.02 | -41.66 | -5.75 | -3.09 |
Cash From Financing Activities | 49.91 | 38.06 | 4.84 | 1.99 |
Net Change in Cash | 14.96 | 10.96 | 3.48 | 1.36 |
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