Last C$0.25 CAD
Change Today 0.00 / 0.00%
Volume 0.0
FAR On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:17 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

foraco international sa (FAR) Snapshot

Open
C$0.30
Previous Close
C$0.25
Day High
C$0.31
Day Low
C$0.25
52 Week High
02/19/14 - C$0.87
52 Week Low
12/15/14 - C$0.15
Market Cap
22.5M
Average Volume 10 Days
29.5K
EPS TTM
C$-0.09
Shares Outstanding
90.0M
EX-Date
05/27/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORACO INTERNATIONAL SA (FAR)

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foraco international sa (FAR) Details

Foraco International SA provides drilling services primarily for the mining and water sectors worldwide. Its drilling services include diamond core, rotary, down-the-hole hammer, direct circulation, reverse circulation, air core, and rotary air blast drilling services. The company offers its drilling services to the mining and energy industry during the exploration, development, and production phases of mining projects. It is also engaged in the drilling of wells for drinking water, irrigation water, and industrial water; and undertakes a range of projects, including large scale village water drilling programs, specialized drilling projects to access mineral water utilizing sanitary protection methods, and large diameter well fields in urban environments. In addition, the company offers geological exploration and geotechnical drilling services to the environmental and construction industries. It operates approximately 303 drill rigs. The company serves mining companies, governmental organizations, and international development funds. Foraco International SA is headquartered in Marseilles, France.

1,794 Employees
Last Reported Date: 11/4/14

foraco international sa (FAR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $915.6K
Vice Chief Executive Officer, Acting Chief Fi...
Total Annual Compensation: 471.3K GBP
Senior Vice President of Latin America
Total Annual Compensation: $145.6M
Senior Vice President of North America
Total Annual Compensation: C$244.8K
Senior Vice President of Asia Pacific
Total Annual Compensation: A$230.0K
Compensation as of Fiscal Year 2013.

foraco international sa (FAR) Key Developments

Foraco International SA Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Foraco International SA announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $51,580,000 compared to $66,212,000 a year ago. EBITDA was $5,447,000 compared to $12,395,000 a year ago. Operating loss was $2,784,000 compared to operating profit of $2,444,000 a year ago. Loss for the period was $3,509,000 compared to profit for the period of $887,000 a year ago. Loss attributable to equity holders of the company was $3,564,000 or $4.01 per basic and diluted share compared to $949,000 or $1.08 per basic and diluted share a year ago. Capital expenditure was $3.9 million compared to $2.3 million in third quarter of 2013. This capex is mainly related to some new projects starting in fourth quarter of 2014 and to be continued into 2015. For nine months, revenue was $145,432,000 compared to $200,635,000 a year ago. The revenue decreased as a result of the continued market contraction and pressure on prices. EBITDA was $12,735,000 compared to $25,593,000 a year ago. Operating loss was $12,307,000 compared to $5,548,000 a year ago. Loss for the period was $13,517,000 compared to $4,422,000 a year ago. Loss attributable to equity holders of the company was $13,502,000 or $15.21 per basic and diluted share compared to $7,080,000 or $8.06 per basic and diluted share a year ago. Net cash flow generated by operating activities was $8,164,000 compared to $3,183,000 a year ago. Purchase of equipment in cash was $6,888,000 compared to $8,361,000 a year ago. As at September 30, 2014, the net debt amounted to $105.1 million compared to $121.9 million as at December 31, 2013. Capital expenditures were $7.4 million compared to $8.8 million a year ago.

Foraco International Mulls Acquisitions

Foraco International SA (TSX:FAR) expects to continue to execute its strategy through a combination of organic growth and development, and acquisitions of complementary businesses in the drilling services industry.

Foraco International SA to Report Q3, 2014 Results on Nov 04, 2014

Foraco International SA announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 04, 2014

 

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