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Annual Report: Redline Communications reports Loss of $US4.8m Corporate Wire Date: 23 March 2017 03:32 EDT

Mar 23, 2017 - News Bites Canadian Markets

CANADIAN RESULTS

Redline Communications (TSX:RDL) reported loss for the year-ended 31 December 2016 of $US4.8m.

Major changes compared with previous year:

Favourable Changes:

- Current Debtors to Total Assets up from 25.5% to 29.3%

- Current ratio up 29.4% from 3.3 to 4.3

- Working capital to total assets up from 62.9% to 69.3%

Unfavourable Changes:

- Net tangible assets per share down 17.4% from $US1.32 to $US1.09(/li)

- Total non-current a...