Monthly Archives: November 2018

Hollysys Automation Technologies announced financial results for Q1 of fiscal year 2019

Hollysys Automation Technologies, the leading provider of automation and control technologies and applications in China, incorporated in the British Virgin Islands and headquartered in China, announced its unaudited financial results for fiscal year 2019 first quarter ended September 30, 2018.

For this period, company’s total revenues were US$138.7 million, which is 20.1% higher as compared to the same period of the previous year. Non-GAAP net income attributable to Hollysys was US$28.1 million, an increase of 27.9% compared to the first quarter of fiscal 2018.
Non-GAAP gross margin was at 37.2% (36.6% for the same period of the prior year). Diluted earnings per share were US$0.46, an increase of 27.8% as compared to the first quarter of fiscal 2018.

The BVI company reported that for the current quarter net cash provided by operating activities was US$36.6 million.

EOG Resources announced financial results for third quarter 2018

British Virgin Islands-registered oil and gas exploration company EOG Resources announced financial results for the third quarter of 2018. During this period, the company generated significant free cash flow and exceeded its production targets. Third quarter net income reported by the BVI company was US$1.2 billion, or US$2.05 per share, as compared to third quarter 2017 net income of US$101 million, or US$0.17 per share. Net cash from operating activities in this period was US$2.2 billion.

EOG generated $2.3 billion of discretionary cash flow in the third quarter 2018. Free cash flow of the company during the period was US$503 million, after considering exploration and development expenditures and dividend payments.