Frontera Investment, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
For the six months, the company reported total revenues of $2,440,560 against $2,135,058 a year ago. Ordinary loss was $81,492 against $34,411 a year ago. EBITDA was $87,338 against $102,794 a year ago. Net loss before income taxes was $247,557 against $108,639 a year ago. Net loss was $161,028 or $0.027 per basic share against $68,039 or $0.012 per basic share a year ago. Net cash used in operating activities was $204,899 against $106,664 a year ago. Purchase of fixed assets was $99,444 against $235,632 a year ago. The increase in cash used in operations period over period was primarily due to the increase in net loss period over period.