Alliance Holdings Gp L.P. (AHGP) has reported 13.53 percent fall in profit for the quarter ended Sep. 30, 2016. The company has earned $48.51 million, or $0.81 a share in the quarter, compared with $56.10 million, or $0.94 a share for the same period last year.
Revenue during the quarter went down marginally by 2.54 percent to $551.97 million from $566.34 million in the previous year period. Total expenses were 82.71 percent of quarterly revenues, up from 81.16 percent for the same period last year. That has resulted in a contraction of 155 basis points in operating margin to 17.29 percent.
Operating income for the quarter was $95.45 million, compared with $106.71 million in the previous year period.
Operating cash flow declinesAlliance Holdings Gp L.P. has generated cash of $491.96 million from operating activities during the nine month period, down 6.69 percent or $35.25 million, when compared with the last year period. The company has spent $164.69 million cash to meet investing activities during the nine month period as against cash outgo of $288.83 million in the last year period. It has incurred net capital expenditure of $158.89 million on net basis during the nine month period, down 43.30 percent or $121.35 million from year ago period.
The company has spent $340.08 million cash to carry out financing activities during the nine month period as against cash outgo of $226.12 million in the last year period.
Cash and cash equivalents stood at $25.88 million as on Sep. 30, 2016, down 36.17 percent or $14.66 million from $40.54 million on Sep. 30, 2015.
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