Orca Exploration Group, Inc. announced preliminary financial results for the second quarter of 2015. For this period ended June 30, 2015, company’s revenues were CAD15.44mln, net earnings were CAD4.38mln, and earnings per share (EPS) were CAD0.12. Year-on-year decline in earnings was primarily related to narrowing of gross margins from 75.04% to 69.82%, as compared to the second quarter of the previous year. Operating margins were 71.58%, from 72.64%. Weakening of operating margins also influenced the change in earnings.
Orca Exploration reported year-on-year change in operating cash flow of -144.69%. Company’s change in revenue this quarter was -25.80%, as compared to the same quarter of 2014, ad is almost the same as the change in earnings. To compare with the previous quarter of 2015, revenues changed by 27.97%, and earnings changed by 310.70%.