Last C$1.45 CAD
Change Today -0.02 / -1.36%
Volume 5.1K
MGO On Other Exchanges
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As of 5:00 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

migao corp (MGO) Snapshot

Open
C$1.47
Previous Close
C$1.47
Day High
C$1.50
Day Low
C$1.45
52 Week High
09/18/14 - C$1.70
52 Week Low
11/18/13 - C$0.93
Market Cap
76.1M
Average Volume 10 Days
27.5K
EPS TTM
C$-0.79
Shares Outstanding
52.5M
EX-Date
02/15/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MIGAO CORP (MGO)

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migao corp (MGO) Details

Migao Corporation, through its subsidiaries, produces and sells specialty potash-based fertilizers for agricultural markets. The company offers compound fertilizers, potassium chloride, potassium nitrate, and potassium sulphate, as well as co-products, such as ammonium chloride and hydrochloric acid. It sells its products to tobacco, fruit, and vegetable growers in the People’s Republic of China. The company was founded in 2003 and is headquartered in Vancouver, Canada.

1,324 Employees
Last Reported Date: 06/30/14
Founded in 2003

migao corp (MGO) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: C$297.5K
Chief Financial Officer
Total Annual Compensation: C$96.3K
Vice President of Corporate Finance and Compa...
Total Annual Compensation: C$186.9K
Vice-President of Sichuan Migao and Director
Total Annual Compensation: C$17.6K
Compensation as of Fiscal Year 2014.

migao corp (MGO) Key Developments

Migao Corporation Reports Earnings Results for the First Quarter Ended June 30, 2014

Migao Corporation reported earnings results for the first quarter ended June 30, 2014. Revenue was $59.2 million for the first quarter ended June 30, 2014, representing $29.8 million (101%) of increase from $29.4 million for the quarter ended June 30, 2013. The revenue increase for the quarter ended June 30, 2014 is mainly due to higher sales of potassium sulphate, potassium nitrate and potassium chloride (direct sale) primarily as a result of higher sales volumes during the quarter ended June 30, 2014. Higher Sales volumes were seen in all products except for ammonium chloride during the current quarter as compared with one year ago. The effect of higher sales volumes are partially offset by lower average sales prices of the products sold during the first quarter of fiscal 2015 as compared with the same quarter last year. Due to seasonality reason compound fertilizers sales were minimal in the first quarter. The appreciation of Chinese Yuan (RMB) against Canadian dollar also contributed to higher sales amount reported in the first quarter of fiscal 2015. Migao reported net income of $0.4 million or $0.01 per basic and diluted share, as compared with net loss of $5.1 million or $0.10 per basic and diluted share for the same quarter last year. EBITDA was $4.5 million against LBITDA of $1.5 million last year. The increase in cash and cash equivalents were mainly combined results of $38.8 million cash inflows from operations, a $2.3 million of cash used in investing activities mainly due to combined effects of $1.4 million of cash received from the dissolution of Sichuan Ruigao Logistic Co., Ltd, in which Migao used to own a 25% equity interest before it was dissolved, offset by the cash payments of $3.7 million for plant and equipment and deposits for land use rights, as well as a net $16.2 million of cash used in financing activities primarily because of bank loan and interest repayments of $22.0 million netted off by $5.8 million of cash from new loan drawdowns.

Migao Corporation, Annual General Meeting, Sep 22, 2014

Migao Corporation, Annual General Meeting, Sep 22, 2014., at 08:30 Pacific Standard Time. Location: 20th Floor, 250 Howe Street. Agenda: To consider the audited consolidated financial statements for the fiscal year ended March 31, 2014; to elect directors; to appoint auditors and authorize the directors to fix their remuneration; and to transact such further other business as may properly come before the meeting or any adjournment or adjournments thereof.

Migao Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014

Migao Corporation reported consolidated earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company's Revenues were $233.9 million compared with $188.8 million for the quarter ended March 31, 2013. The increase in revenue for the quarter is primarily a result of increased sales volumes of potassium sulphate, potassium chloride and value added potassium chloride as well as NK compound fertilizers (direct sale) during the quarter ended March 31, 2014. Net loss was $22.6 million or $0.43 per basic and diluted share against $22.3 million or $0.43 per basic and diluted share for the same period a year ago. LBITDA was $14.3 million against $18.953 for the same period a year ago. For the year, the company's revenues were $369.3 million, representing $85 million (29.9%) increase from $284.3 million for the year ended March 31, 2013. The revenue increase for the year ended March 31, 2014 is mainly due to increased sales of potassium sulphate, compound fertilizers and potassium chloride (direct sale) primarily as a result of higher quantities sold during the year. Net loss was $58.2 million or $1.11 per basic and diluted share against $38.8 million or $0.74 per basic and diluted share for the same period a year ago. LBITDA was $42.4 million against $26.5 for the same period a year ago.

 

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