trending Market Intelligence /marketintelligence/en/news-insights/trending/ltV7cljQckKzda65C9JAXw2 content esgSubNav
In This List

Avante Logixx Inc fiscal Q3 profit climbs YOY


Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire


The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges


A Sustainability Framework for Customer and Supplier Credit Risk Management


Lithium Import

Avante Logixx Inc fiscal Q3 profit climbs YOY

Avante Logixx Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to C$167,160, a rise from C$163,880 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 4.3% from 5.6% in the year-earlier period.

Total revenue increased 32.3% on an annual basis to C$3.9 million from C$2.9 million, and total operating expenses rose 35.4% year over year to C$3.6 million from C$2.7 million.

Reported net income totaled a loss of C$304,820, or a loss of 0 cents per share, compared to income of C$225,720, or 0 cents per share, in the year-earlier period.