Advantex Announces Fiscal 2016 Third Quarter Results
EBITDA (1) of $1.1 million after restructuring of Fiscal year 2015
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/30/16 -- Advantex Marketing International Inc. (CSE: ADX), a specialist in marketing loyalty-reward programs, announced its results for the three and nine months ended March 31, 2016.
The financial performance is in line with the Company''s expectation of a gradual recovery after over- coming the structural and competitive challenges of the previous Fiscal year. The Company is reporting an improvement in its financial performance for the three and nine months ended March 31, 2016.
Highlights of Fiscal 2016 Third Quarter results are tabulated (2) below. Additional details are available in the Fiscal 2016 Third Quarter Consolidated Financial Statements and the Management Discussion and Analysis available under the Company''s profile on .
About Advantex:
Advantex provides specialized marketing programs that enable members of affinity groups to earn frequent-flyer miles and other loyalty rewards through purchases at participating merchants.
Through our partnerships with Aeroplan, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Caesars Entertainment, we have contractual access to millions of consumers with above-average personal and household income. We also have partnerships with about 1,600 merchants in Canada and the US.
Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information, go to .
Advantex Marketing International Inc.
Consolidated Statements of Financial Position (unaudited)
(expressed in Canadian dollars)
Economic and Financial dependence (note 2a), Going concern (note 2b), Commitments and contingencies (note 12)
The accompanying notes are an integral part of these consolidated financial statements
Advantex Marketing International Inc.
Consolidated Statements of (loss) and Comprehensive (loss) (unaudited)
For the three and nine months ended March 31, 2016 and 2015
(expressed in Canadian dollars)
The accompanying notes are an integral part of these consolidated financial statements
Advantex Marketing International Inc.
Consolidated Statements of Changes in Shareholders'' Deficiency (unaudited)
For the three and nine months ended March 31, 2016 and 2015
(expressed in Canadian dollars)
The accompanying notes are an integral part of these consolidated financial statements
Advantex Marketing International Inc.
Consolidated Statements of Cash Flow (unaudited)
For the nine months ended March 31, 2016 and 2015
(expressed in Canadian dollars)
The accompanying notes are an integral part of these consolidated financial statements
Contacts:
Advantex Marketing International Inc.
Mukesh Sabharwal
Vice-President and Chief Financial Officer
905-470-9558 ext. 249
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Datum: 30.05.2016 - 15:52 Uhr
Sprache: Deutsch
News-ID 1438198
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TORONTO, ONTARIO
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Kategorie:
Advertising, PR and Marketing
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