Swala Oil and Gas (Tanzania) Public Limited Company (SWALA) — FY 2017
Earnings report for Swala Oil and Gas (Tanzania) Public Limited Company (SWALA) for FY 2017 (iliyotolewa 27 Jul 2018). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- The Group incurred a net profit of US$ 2.44 million for the year ended 31 December 2017, a turnaround from a net loss of US$ 2.77 million in 2016.
- Basic earnings per share for the Group was US$ 0.023 for FY 2017, compared to a loss of US$ 0.026 in 2016.
- As at 31 December 2017, the Group's liabilities exceeded its assets by US$ 3.74 million.
- Net cash outflow from operating activities for the Group significantly reduced to US$ 97,903 in FY 2017 from US$ 822,504 in 2016.
- Market capitalization as at 31 December 2017 was Tshs 42.5 million.
- Exploration and evaluation costs accounted for 45% of total expenses incurred during the year.