Energold Drilling Group Announces Third Quarter 2017 Financial Results — Strong Sequential Improvement Amidst Strengthening Environment in Key Markets

2017-11-22_NR_EGD

Energold Drilling Corp. (“Energold” or “the Company”) announces third quarter revenue in 2017 of $19.8 million compared to $17.8 million in the previous quarter, representing a positive improvement of 11%. Improving volumes in the mineral and energy segments have contributed to improved year-over-year performance as commodity prices stabilize and exploration capital returns.The Company is pleased that revenues continue to improve on a quarter-over-quarter basis in 2017 while losses have decreased amidst a more positive overall trend across the industry in general, and for the Company in particular. Meanwhile, the overall profit margin improved to 14% from 10% in the second quarter of 2017.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s