Canaf Investments Inc V.CAF

Alternate Symbol(s): CAFZF

Steel Steel

Canaf Investments Inc. is a Canada-based company, which owns and operates a coal processing business in South Africa, which processes coal and coal products into calcine, a coke substitute with a carbon content. The Company operates through two segments: the head office operations in Canada and the coal processing business in South Africa. The Company, through its subsidiary, Southern Coal (Pty) Ltd. (Southern Coal), processes anthracite coal into de-volatized anthracite (calcined anthracite) for sale mostly to steel and ferromanganese manufacturers as a substitute product for coke. The Company, through its subsidiary, Canaf Investments (Pty) Ltd, which is a South African holding company that owns Canaf Estate Holdings (Pty) Ltd, which is a property investment company focused on acquiring, redeveloping and renting properties primarily within the suburbs of the old Johannesburg. It is also exploring new sectors to invest in within South Africa.

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Canaf Investments Inc > Great Q2 Released

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Comment by Quanadienon Jun 25, 2021 8:24am

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Post# 33449487

RE:Great Q2 Released

wiseman_321 wrote:
CANAF ANNOUNCES FINANCIAL RESULTS FOR Q2 2021

Canaf Investments Inc. has released its financial statements and management discussion and analysis for the six-month period ended April 30, 2021.

Revenue for the six-month period was recorded at $6,292,558 (U.S.) (2020: $5,490,982 (U.S.)) with a net income after tax of $440,206 (U.S.) (2020: $285,684 (U.S.)), or $560,326, and an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $602,572 (U.S.) ($766,998). The corporation expects to report an increase in sales in Q3.

Yeah those are nice financials. And they say they expect a better Q3. I think we are going up from here. Direction 0.20 I'd say

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