Business News • MarketWire • Marret Resource Corp. Releases Q3 2014 Financial Statements |
Marret Resource Corp. Releases Q3 2014 Financial Statements |
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Marret Resource Corp. Releases Q3 2014 Financial Statements
TORONTO, ONTARIO--(Marketwired - Nov. 7, 2014) - Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive loss for the three months ended September 30, 2014 of $2.5 million ($0.13 per share) compared to income of $2.9 million ($0.15) per share in the third quarter of 2013. Results for the quarter were impacted by the sharp decline in equity and debt markets in September. For the nine months ended September 30, 2014, Marret reported a total comprehensive income of $0.6 million ($0.03 per share) compared to a loss of $5.7 million ($0.30 per share) for the comparative period in 2013. As of September 30, 2014, the Company had total assets of $106.3 million, liabilities of $13.9 million, shareholders' equity of $92.4 million and a net asset value per share of $5.00. The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Marret's website (www.marret.com).
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