Colony Pacific Announces First Quarter Report Three Months Ended January 31, 2000.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--March 30, 2000 Colony Pacific Explorations Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CYX.) reports revenues for the first quarter of $75,000 compared to $58,000 in the first quarter of 1999. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $12,000 and net income was $87,000 ($0.01 per share) compared to an operating income of $6,800 and net income of $5,800 ($0.00 per share) in the prior year. Higher revenues and operating income are due to better oil prices. Net income was enhanced by a gain on sale of the Bonne n. 1. A female servant charged with the care of a young child. Terre property in California. Exploration had not been carried out at Bonne Terre for several years as the property was determined to be of no further interest geologically. It was sold for its value as a ranch. At January 31, 2000 Colony had working capital of $1,725,000, excluding a secured long term note receivable note receivable A debt due from borrowers and evidenced by a written promise of payment. Note receivable, an entry on the asset side of many corporate balance sheets, indicates the dollar amount of loans due to be repaid by borrowers. in connection with the sale of the Bonne Terre property of $120,000, compared to workdebt free. The primary focus of the Company continues to be the identification and evaluation of new opportunities. This work is ongoing and will ultimately result in the Company engaging in a new business initiative. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile the Company continues to improve its financial position with monthly cash inflows exceeding cash outflows. |
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