Novagold Petro-Resources reports standalone nil net profit/loss in the March 2017 quarter

Sales decline 29.03% to Rs 0.22 crore

Novagold Petro-Resources reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.01 crore during the previous quarter ended March 2016. Sales declined 29.03% to Rs 0.22 crore in the quarter ended March 2017 as against Rs 0.31 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net loss of Rs 5.84 crore during the previous year ended March 2016. Sales rose 95.45% to Rs 0.86 crore in the year ended March 2017 as against Rs 0.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales0.220.31 -29 0.860.44 95 OPM %0-3.23 -0-2.27 - PBDT0-0.01 100 0-5.84 100 PBT0-0.01 100 0-5.84 100 NP0-0.01 100 0-5.84 100

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