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CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT



TSX:FUT - Post by User

Comment by BayWallon Jul 12, 2012 11:25am
76 Views
Post# 20106811

RE: Processing Division

RE: Processing Division

My mistake. If the processing division was given to others a few years ago, then both the revenue and asset value would not show up on Futura's financial statements.

 

But would be nice to know how much revenue it's earning and how much will it contribute to the bottom line for Futura when they do re-acquire the division, maybe later this year. I'm guessing the division processes both Futura Rewards and some Aeroplan (Aeromove) transactions. So the the division must be receiving money from Aeroplan.

 

$8 million value for the division, arrived at by an independent appraisal company, means there must be good revenues.

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