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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mfc Bancorp Ltd. | NYSE:MFCB | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.05 | 0.00 | 01:00:00 |
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☒ Form 20-F
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☐ Form 40-F
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☐ Yes
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☒ No
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NEWS RELEASE
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MFC Bancorp Ltd.
Rene Randall Corporate Vice President 1 (604) 683 8286 ex 2 rrandall@bmgmt.com |
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MFC BANCORP LTD. REPORTS RESULTS FOR 2016
AND ANNOUNCES PROPOSED PLAN OF ARRANGEMENT |
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INVENTORIES
(In thousands) |
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December 31,
2015 |
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March 31,
2016 |
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June 30,
2016 |
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September 30,
2016 |
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December 31,
2016 |
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Inventories
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| | | $ | 45,345 | | | | | $ | 197,406 | | | | | $ | 154,703 | | | | | $ | 29,454 | | | | | $ | 31,954 | | |
FINANCIAL POSITION
(In thousands, except ratios and per share amounts) |
| |
December 31,
2016 |
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December 31,
2015 |
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Cash and cash equivalents
|
| | | $ | 120,676 | | | | | $ | 197,519 | | |
Short-term securities
|
| | | | 5,018 | | | | | | 170 | | |
Trade receivables
|
| | | | 135,962 | | | | | | 151,229 | | |
Tax receivables
|
| | | | 11,743 | | | | | | 11,705 | | |
Other receivables
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| | | | 35,251 | | | | | | 14,727 | | |
Inventories
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| | | | 31,954 | | | | | | 245,345 | | |
Total current assets
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| | | | 400,954 | | | | | | 785,850 | | |
Total current liabilities
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| | | | 214,676 | | | | | | 414,562 | | |
Working capital
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| | | | 186,278 | | | | | | 371,288 | | |
Current ratio
(1)
|
| | | | 1.87 | | | | | | 1.90 | | |
Acid-test ratio
(2)
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| | | | 1.68 | | | | | | 1.17 | | |
Short-term bank borrowings
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| | | | 95,416 | | | | | | 52,864 | | |
Total assets
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| | | | 650,338 | | | | | | 977,351 | | |
Total long-term debt
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| | | | 116,813 | | | | | | 259,038 | | |
Long-term debt-to-equity
(1)
|
| | | | 0.25 | | | | | | 0.47 | | |
Total liabilities
|
| | | | 320,908 | | | | | | 608,151 | | |
Shareholders’ equity
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| | | | 327,520 | | | | | | 367,192 | | |
Net book value per share
|
| | | | 5.19 | | | | | | 5.82 | | |
OPERATING EBITDA (loss) from continuing operations
(In thousands) |
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Years Ended December 31,
|
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2016
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2015
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(Re-presented)
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Net loss from continuing operations
(1)
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| | | $ | (23,720 ) | | | | | $ | (244,602 ) (2) | | |
(Reversal) recognition of impairment losses on resource properties
|
| | | | (8,566 ) | | | | | | 235,875 | | |
Income tax expense (recovery)
|
| | | | 7,014 | | | | | | (46,193 ) | | |
Finance costs
|
| | | | 24,102 | | | | | | 22,329 | | |
Amortization, depreciation and depletion
|
| | | | 11,951 | | | | | | 6,450 | | |
Operating EBITDA (loss) from continuing operations
|
| | | $ | 10,781 | | | | | $ | (26,141 ) (2) | | |
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| By: | | |
/s/ Samuel Morrow
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| | | |
Samuel Morrow
Chief Financial Officer |
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| Date: | | | March 31, 2017 | |
1 Year MFC Industrial Ltd. Chart |
1 Month MFC Industrial Ltd. Chart |
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