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Microcap & Penny Stocks : CAF.V - Canaf Group Inc.
CAF.V 0.05000.0%Jul 18 4:00 PM EDT

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From: JRod773/26/2019 9:28:50 PM
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Canaf Investments earns $187,367 (U.S.) in Q1

2019-03-26 09:53 MT - News Release

An anonymous director reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR Q1 2019

Canaf Investments Inc. has released results of its financial statements, and management discussion and analysis for the three-month period ended Jan. 31, 2019.

Revenue for the quarter was recorded at $2,419,633 (U.S.) with a net income of $187,367 (U.S.) or $249,521 (Canadian) (2018 -- $187,126 (U.S.)) and an adjusted earnings before interest, taxes, depreciation and amortization of $319,241 (U.S.) (2018: $176,680 (U.S.)).

The corporation expects sales to remain as similar levels throughout the rest of the year, whilst it continues to explore opportunities to invest in new projects.

For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.

About Canaf Investments Inc.

Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing, a South African-based company that owns 70 per cent of Southern Coal.

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