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KGIC Inc LGLTF

"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."


GREY:LGLTF - Post by User

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Post by 60606060on Aug 31, 2015 4:34pm
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Post# 24066321

The pilot housing project was making a profit in 2014

The pilot housing project was making a profit in 2014
Klerer said earlier that housing was on hold until the regular business was back on track. It makes money and after restructuring is finished the CRO will be back to his role. "We will also aggressively pursue our student housing and franchise businesses. These are low-risk, high-margin pursuits that allow Loyalist to create greater shareholder value from its asset base. Our students collectively spend millions of dollars a year on rent, and we plan to capture a significant share of that spend over time." Loyalist generated $120,000 of revenue from its student housing pilot program and modest initial franchise fees in the first quarter of 2014. The company expects both lines of business to accelerate. Read more at https://www.stockhouse.com/news/press-releases/2014/05/29/correction-from-source-loyalist-announces-record-revenues-earnings-and-cash#FI1M8yVuOaxWvru3.99
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