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FY2017 Annual Report: Parex Resources Revenue up 46.1% Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Parex Resources (TSX:PXT) reported total revenue for the year-ended 31 December 2017 of $US601m, up 46.1% from $US411m in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Total Liabilities to EBITDA of 0.8 compares favourably with the Joseph Piotroski benchmark of (5. This ratio has improved by 77.5% from the previous year's ratio of 3.7.

- Cash to Total Assets up from 16.2% to 21%

- Total current assets to T...