Powered by

FY2017 Annual Report: Tangelo Games reports Loss of CAD44.8m ($US35.7m) Corporate Wire Date: 20 November 2018 03:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Tangelo Games (TSXV:GEL) reported a loss for the year-ended 31 December 2017 of CAD44.8m ($US35.7m).

Major changes compared with previous year:

Favourable Changes:

- Fixed Assets to Total Assets up from 0.3% to 0.4%

- Current Debtors to Total Assets up from 1.8% to 2.3%

- Total current assets to Total Assets up from 7.4% to 10.3%

- Interest expenses to Sales down from 48.6% to 47.4%

- Total revenue to total assets up from 0.3 to 0....