OTCPK:CTPNF - Post by User
Post by
stochmodon Jun 13, 2017 6:23pm
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Post# 26358768
Financials Out on Sedar
Financials Out on Sedar The Company achieved positive cashflow from operations of $241,456, positive net income of $19,847 and income before finance income and income tax of $35,725.
One of the more interesting trends in the quarter was the recovery of usage fees, which grew 26% in the quarter; compared to a decline of 4% for the nine month period. This trend is in line with the Company’s billable transaction increase of 24% in the quarter compared to 4% during the nine months. This growth occurred in spite of one month of spring breakup in the quarter. The Network is seeing an increase in the volume of transactions as new buyers go live on the Network as well as stabilization in the energy sector.