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FY2017 Annual Report: Mobi724 Global Solutions reports Loss of CAD10.7m ($US8.5m) Corporate Wire Date: 20 November 2018 03:34 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Mobi724 Global Solutions (CNSX:MOS) reported a loss for the year-ended 31 December 2017 of CAD10.7m ($US8.5m).

Major changes compared with previous year:

Favourable Changes:

- Total current assets to Total Assets up from 11% to 41%

- Total liabilities to Total assets down 60% from 0.9 to 0.3

- Debt to Equity down 72% from 0.6 to 0.2

- Total revenue up 13% from CAD2.5m ($US1.9m) to CAD2.9m ($US2.3m)

Unfavourable Changes:

- Tot...