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FY2017 Annual Report: C-Com Satellite Systems Net Profit up 1.5% Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

C-Com Satellite Systems (TSXV:CMI) reported net profit for the year-ended 30 November 2017 of CAD1.0m ($US804,518), up 1.5% from CAD1.0m ($US759,781) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Total Liabilities to EBITDA of 0.9 compares favourably with the Joseph Piotroski benchmark of less than 5. However, it has deteriorated by 13.7% from the previous year's ratio of 0.8.

- Sales and marketing expenses ...