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IWG TECHNOLOGIES INC V.IWG

Industrials Pollution & Treatment Controls
"IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems."


TSXV:IWG - Post by User

IWG TECHNOLOGIES INC
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Post by SolidFuelon Dec 02, 2016 1:41pm
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Post# 25547594

Record results! A shameful action by management?

Record results! A shameful action by management?For perspective, here are IWG's annual results (net income) for the past seven years, starting with the just announced fiscal 2016 numbers:

F2016 = $1,512,000
F2015 = $1,282,171
F2014 = $751,022
F2013 = $969,996
F2012 = $526,310
F2011 = $270,912
F2010 = $135,423


So, IWG experienced record results, but Bruce Gowan, IWG's chairman, is quoted in IWG's news release saying, "Fiscal 2016 results were in line with the company's expectations...

Seriously?

Q: I have a question for you Bruce.  Shouldn't your quote sound more like, "We are pleased to announce that IWG achieved record results this year?"

Shame on you.


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