ich rufe FORACO oooh ho

Kosmonova buran

:::::::::::::::::: 0,326 $ +0,62% +0,002 $
In Euro: 0,3029 € | Nasdaq OTC Other, 23.03.15 ,GrB

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PR Newswire Foraco International SA
March 3, 2015 6:59 AM finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

TORONTO and MARSEILLE, France, March 3, 2015 /CNW/ - Foraco International SA (FAR.TO) (the "Company" or "Foraco"), a leading global provider of mineral drilling services, today reported unaudited financial results for its fourth quarter 2014. All figures are reported in US Dollars (US$), unless otherwise indicated. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

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cost of sales was US$ 0.3 million (or 1% of revenue) compared to US$ 1.7 million in Q4 2013 (or 4% of revenue). This decrease resulted from continued pressure on selling prices, extra costs mainly linked to mobilizations and early demobilizations on some projects. On a positive side, the effect of the fixed operational cost savings resulted in a reduced under absorption of fixed costs compared to the same quarter last year. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

cost of sales was US$ 7.1 million (or 4% of revenue) compared to US$ 2.0 million in FY 2013. There were no one-off costs during the period and the Company fully benefited from the positive effect of the fixed operational cost reduction which compensated some under absorption of fixed costs. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

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SG&A costs decreased by US$ 0.6 million between Q4 2013 and Q4 2014. Excluding a one-off provision concerning a junior mining company located in Africa, SG&A decreased by US$ 1.2 million (or 19%). These savings are mainly the result of the continued implementation of the company-wide cost cutting action plans. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

SG&A costs decreased by US$ 6.1 million between FY 2013 and FY 2014 or by US$ 6.8 million excluding certain provisions for claims and doubtful debt recorded in Q4. These savings are mainly the result of the continued implementation of the company-wide cost cutting action plans. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

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During the quarter the Company recorded certain provisions for claims and doubtful debt amounting to US$ (3.1) million partially offset by the impact of the remeasurement of the second tranche of Servitec amounting to US$ 2.9 million (US$ 8.2 million in Q4 2013). finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

Operating loss decreased by US$ (11.6) million, going from an adjusted operating loss of US$ (29.2) million in FY 2013 to US$ (17.7) million in FY 2014. The reduced activity including the impact of exchange rate fluctuations was partially compensated for by the reduction in fixed operational and SG&A costs. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

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The exchange rates for the periods under review are provided in the Management's Discussion and Analysis of Q4 2014. finance.yahoo.com/news/...nnounces-q4-full-2014-115900179.html

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