$ECL.ja has reported its Q2 Earnings. Here's a #SOTRSummary:
-Revenues ⬆️257% 🔥🔥
-Net losses are down but still present at US$321k vs US$571k last year same period.
Though passenger numbers improved, higher operating, direct & finance expenses ate away at higher sales.
-Revenues ⬆️257% 🔥🔥
-Net losses are down but still present at US$321k vs US$571k last year same period.
Though passenger numbers improved, higher operating, direct & finance expenses ate away at higher sales.
Please see the management discussion of the numbers below.
Of note, it was stated that the work on the new post-security lounge should be completed by today (end of February 2022).
Of note, it was stated that the work on the new post-security lounge should be completed by today (end of February 2022).
$ECL.ja's balance sheet remains dominated by its leased assets with a high amount of leverage relative to equity value.
Though operating cashflows were positive for the period, fixed asset purchases and lease payments ate away most of its cash balance.
Though operating cashflows were positive for the period, fixed asset purchases and lease payments ate away most of its cash balance.
Over the past year, $ECL.ja has traded between a wide range of 3.80 to 6.50.
The delay of the results from January may have dampened sentiments around this stock.
The delay of the results from January may have dampened sentiments around this stock.
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