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Clockwise Core Equity & Innovation ETF V.CWC


Primary Symbol: TIME

Clockwise Capital Innovation ETFs (the Fund) investment objective is long-term growth of capital. The Fund is an actively-managed exchange-traded fund (ETF) that will invest under normal circumstances primarily in domestic equity securities of companies that are relevant to the Funds investment theme of 5G enabled opportunistic investing. The Adviser defines 5G enabled opportunistic investing as investing in companies that, in the Advisers opinion, best leverage the proliferation of 5G internet and cloud-based products and services. Investments may include, but are not limited to, companies focusing on artificial intelligence and machine learning, robotic and smart manufacturing, cryptocurrency and digital payments, electric vehicles and self-driving vehicles, preventative health and remote surgery, and big data and data security.


ARCA:TIME - Post by User

Clockwise Core Equity & Innovation ETF > Q4 some impairment reversal (hanky panky?)
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Post by Dibah420on Mar 01, 2023 4:47pm
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Post# 35313546

Q4 some impairment reversal (hanky panky?)

Q4 some impairment reversal (hanky panky?)
CWC Energy Services Fourth-Quarter Profit up Nine Fold on Reversal of Asset Write Downs
 
01 Mar 2023 16:30 ET  

04:30 PM EST, 03/01/2023 (MT Newswires) -- CWC Energy Services (CWC.V) on Wednesday said its fourth-quarter profit rose nine fold as it reversed asset write downs.

The company said it earned C$26.04 million, or C$0.05 per share, in the period, up from C$2.87 million, or C$0.01, in the year-prior quarter. The result included a C$23.26 million pre-tax gain from the reversal of impairment charges in 2015 and 2020.

Revenue rose 78% to C$60.04 million.

CWC also said its board added C$4 million to its 2023 capital budget for growth and maintenance costs, bringing capital spending to an expected C$30.3 million this year.

The company's shares closed up C$0.015 to C$0.235 on the TSX Venture Exchang

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