New Senior Investment Group Inc. (SNR) saw its loss narrow to $9.90 million, or $0.12 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $21.85 million, or $0.26 a share.
Revenue during the quarter went down marginally by 2.52 percent to $114.97 million from $117.94 million in the previous year period.
Cost of revenue went down marginally by 1.77 percent or $1.14 million during the quarter to $63.41 million. Gross margin for the quarter contracted 42 basis points over the previous year period to 44.85 percent.
Revenue from real estate activities during the quarter went down marginally by 2.52 percent or $2.97 million to $114.97 million.
Income from operating leases during the quarter was almost stable at $28.25 million, when compared with the previous year period.
Income from management fees during the quarter dropped 3.32 percent or $2.98 million to $86.73 million.
Operating cash flow declines
New Senior Investment Group Inc. has generated cash of $21.83 million from operating activities during the quarter, down 7.89 percent or $ 1.87 million, when compared with the last year period.
Cash flow from investing activities was $11.62 million for the quarter as against cash outgo of $4.56 million in the last year period.
The company has spent $41.16 million cash to carry out financing activities during the quarter as against cash outgo of $56.15 million in the last year period.
Cash and cash equivalents stood at $50.34 million as on Mar. 31, 2017, down 36.97 percent or $29.53 million from $79.86 million on Mar. 31, 2016.
Total assets stood at $2,772.67million as on Mar. 31, 2017. On the other hand, total liabilities were at $2,224.89 million as on Mar. 31, 2017.
Return on assets was at 0.48 percent in the quarter. Return on equity was negative at 1.81 percent in the quarter.
Total debt was at $2,113.28 million as on Mar. 31, 2017. Shareholders equity was at $547.78 million as on Mar. 31, 2017. Meanwhile, debt to equity ratio was at 3.86 percent in the quarter.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
