Canaf Investments Inc (CAF)

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Canaf Group earns $691,115 (U.S.) in six months

2018-06-28 14:56 ET - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR Q2 2018

Canaf Group Inc. has released its financial statements, and management discussion and analysis for the six-month period ended April 30, 2018.

The corporation is pleased to confirm continued positive results for the period in line with expectations.

Revenue for the six-month period ended April 30, 2018, increased to $8,698,426 (U.S.), an increase of 34 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $691,115 (U.S.) (2017: $434,934 (U.S.)).

For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.

About Canaf Group Inc.

Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized anthracite.

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