UMeWorld Limited Announces Unaudited Consolidated Earnings Results for the Quarter and Six Months Ended March 31, 2017
UMeWorld Limited announced unaudited consolidated earnings results for the quarter and six months ended March 31, 2017. For the quarter, the company reported total net sales of $952. Loss from operations was $355,533 compared to $359,194 a year ago. Loss before income taxes was $406,329 as compared to $391,724 for the same period last year. Net loss attributable to company stockholders was $410,232 as compared to $395,620 for the same period last year. Net loss per share, basic and diluted was $0.0046 as compared to $0.0044 for the same period last year. Net cash used in operating activities was $106,026 as compared to $236,600 for the same period last year.
For the six months ended, the company reported total net sales of $952. Loss from operations was $665,552 compared to $566,872 a year ago. Loss before income taxes was $762,825 as compared to $632,983 for the same period last year. Loss attributable to company stockholders was $770,632 as compared to $641,362 for the same period last year. Net loss per share, basic and diluted was $0.0087 as compared to $0.0072 for the same period last year. Net cash used in operating activities was $210,945 as compared to $362,753 for the same period last year.