Revenue of US$14,204,848, a 4.9% improvement from the previous year
Net income after tax of US$945,417 (CAN$1,189,309)
EPS (earnings per share) CAN$0.025/share.
EBITDA for the year was recorded at US$1,291,077 (CAN$1,624,129).
As of 31 October 2021, Canaf shareholder equity stood at US$5.2million (CAN$6.4million), which equates to a book value per share of approximately CAN$0.135/share.
Christopher Way, CEO states, "The financial results for the year reflect a continued strong demand for the Corporation's core product in South Africa, which we expect to continue throughout the current year. The Corporation remains in a strong financial position as we look to expand and develop our core South African calcining business in to new markets, which will help grow our customer base. In addition to this we continue to explore investment opportunities into new sectors, alongside the steady growth of our property portfolio, as we remain focused on generating long-term sustainable growth."