EARNINGS / Niko Resources reports 1st 9 months results
Niko Resources Ltd. (ASE - NKO) announced its financial results for the three
and nine months ended December 31, 1997.
During the three months ended December 31, 1997 operating revenue increased
to $971,000 compared to $447,000 in 1996. Cash flow from operations rose to
$510,000 or $0.025 per share compared to $292,000 or $ 0.015 per share in
1996. The Company earned $234,000 or $0.011 per share compared to $260,000 or
$0.013 per share in 1996.
For the nine months ended December 31, 1997 revenue was $2,097,000 compared
to $892,000 in 1996. Cash flow from operations was $1,106,000 or $0.054 per
share compared to $353,000 or $ 0.022 per share in 1996. Net income was
$497,000 or $0.024 per share compared to net income of $270,000 or $0.010 per
share in 1996.
For further information please contact:
Niko Resources Ltd. (403) 262-1020
Edward Sampson, Executive Chairman or Paul Wright, Vice President Finance. |
