February 10, 2020
For the six months ended November 30, 2019, Ciboney Group Limited’s (CBNY) financial Income decreased by 57% to total $13,000 from $30,000 in November 30, 2018. For the quarter, financial income closed at $4,000 (2018: $14,000).
Group Operating Expenses totalled $2.08 million for the period relative to $2.26 million for the corresponding period in 2018, an 8% decline. While, for the quarter, group operating expenses amounted to $996,000 (2018: $1.14 million).
The company reported net loss before taxation of $2.07 million, this compares with the loss of $2.23 million in 2018.
No taxes were incurred during the period under review (2018: $120,000) as such, the company booked net loss for the period of $2.07 million (2018:$2.35 million). For the quarter, net loss amounted to $992,000 (2018: $1.19 million).
Loss per share was 0.38 cents for the period (2018: LPS of 0.41 cents). While, for the quarter, loss per share amounted to $0.18 cents (2018: LPS of 0.21 cents). The trailing twelve months loss per a share is $0.0088. The number of shares used in the calculations is 546,000,000. CBNY stock price closed the trading period at a price of $0.10 on February 10, 2020.
Balance Sheet at a glance:
Total Assets as at November 30, 2019 amounted to $18.51 million, up from $16.08 million as at November 30, 2018. The main reason for the increase in total asset was ‘Cash and Cash Equivalents’ moving up by 25% to close at $12.80 million compared to the $10.27 million reported in 2018.
Shareholders’ Equity amounted to $6.96 million, a decrease relative to shareholders’ equity of $11.77 million reported in 2018. As such, the shareholder’s equity per share stood at 1.28 cents as at November 30, 2019 (2018: 2.16 cents).
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