Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$0.68 CAD
Change Today -0.09 / -11.69%
Volume 453.2K
MGO On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

migao corp (MGO) Snapshot

Open
C$0.75
Previous Close
C$0.77
Day High
C$0.75
Day Low
C$0.59
52 Week High
09/18/14 - C$1.70
52 Week Low
05/27/15 - C$0.59
Market Cap
35.7M
Average Volume 10 Days
161.0K
EPS TTM
C$-0.41
Shares Outstanding
52.5M
EX-Date
02/15/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MIGAO CORP (MGO)

Related News

No related news articles were found.

migao corp (MGO) Related Businessweek News

No Related Businessweek News Found

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 Third Quarter and Nine Months Ended December 31, 2014

Migao Corporation reported earnings results for the third quarter and nine months ended December 31, 2014. For the third quarter, the company reported revenues of $125.493 million for the third quarter ended December 31, 2014, representing $52.3 million (71%) increase from $73.192 million for the quarter ended December 31, 2013. The revenue increase for the quarter ended December 31, 2014 is mainly due to increased sales of potassium sulphate, potassium nitrate and potassium chloride (direct sales) primarily as a result of higher sales volumes for these products, coupled with higher average selling price for potassium sulphate during the quarter ended December 31, 2014 compared with the same quarter one year ago. Strong market demands for potassium sulphate continued into the third quarter of fiscal 2015. The above sales increases were partly offset by approximately $15.3 million decreases in sales of compound fertilizers, ammonium chloride as well as hydrochloric acid. The sales decreases in compound fertilizers and ammonium chloride were mainly caused by lower sales volume as well as lower average selling prices for these products during the current quarter as compared with the same period last year. Weak market demands contributed to the decreasing sales volume and average selling prices. The effect of increased sales volume of hydrochloric acid was offset by the decline in the average selling prices as the market demands were limited by the slow-down of the Chinese economy. The appreciation of Chinese Yuan (RMB) against Canadian dollar also contributed to the higher dollar sales reported in the third quarter of fiscal 2015. EBITDA was $7.872 million against LBITDA of $10.560 million a year ago. As a result, for the three months ended December 31, 2014, the company reported a net profit of $5.0 million or $0.09 per basic and diluted share, as compared with a net loss of $11.9 million or $0.23 per basic and diluted share for the same quarter last year. For the nine months, the company reported total revenue of $235.743 million as compared with revenue of $135.378 million for the nine months ended December 31, 2013. The company reported a net profit of $5.099 million or $0.10 per basic and diluted share for the most recent nine-month period as compared with a net loss of $35.6 million or $0.68 per basic share for the same nine-month period one year ago. EBITDA was $15.483 million against LBITDA of $28.157 million a year ago.

Migao Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended September 30, 2014

Migao Corporation reported unaudited consolidated earnings results for the second quarter and year to date ended September 30, 2014. For the quarter, the company reported revenues of CAD 51.033 million compared to CAD 32.781 million a year ago. Net loss was CAD 0.298 million compared to CAD 18.542 million a year ago. EBITDA was CAD 3.519 million compared to LBITDA of CAD 16.137 million a year ago. Basic and diluted loss per share were CAD 0.01 compared to CAD 0.35 a year ago. The revenue increase for the quarter ended September 30, 2014 is mainly due to higher sales of potassium sulphate and hydrochloric acid primarily as a result of higher sales volumes for these products, coupled with higher average selling price for potassium sulphate during the quarter ended September 30, 2014 compared with same quarter one year ago. For the year to date, the company reported revenues of CAD 110.250 million compared to CAD 62.186 million a year ago. Net income was CAD 0.147 million compared to net loss of CAD 23.670 million a year ago. EBITDA was CAD 7.971 million compared to LBITDA of CAD 17.597 million a year ago. Basic and diluted earnings per share were CAD 0.01 compared to basic and diluted loss per share of CAD 0.45 a year ago.

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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MGO:CN C$0.68 CAD -0.09

MGO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
View Industry Companies
 

Industry Analysis

MGO

Industry Average

Valuation MGO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MIGAO CORP, please visit www.migaocorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.