CANAF ANNOUNCES FINANCIAL RESULTS FOR Q3 2019

2019-09-24 15:32 MT - News Release

Mr. Christopher Way reports

Canaf Investments Inc. has release its financial statements and management's discussion and analysis for the nine-month period ended July 31, 2019.

Revenue for the nine-month period ended July 31, 2019, increased to $7,680,313 (U.S.), an reduction of 37 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $571,399 (U.S.) (2018: $635,258 (U.S.)). Third quarter alone generated revenue of $3,422,222 (U.S.) and a net comprehensive income of $267,206 (U.S.). The corporation expect sales to remain strong in fourth quarter 2019.

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

About Canaf Investments Inc.

Canaf's registered office is in Vancouver, Canada, with offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African company that owns 70 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized (calcined) anthracite. Canaf also owns 100 per cent of Canaf Investments Pty. Ltd., a South African company that owns 100 per cent of Canaf Estate Holdings Pty. Ltd., a real estate investment company focused on suburban property in Johannesburg.

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