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FY2017 Annual Report: TWC Enterprises profits hit by 88% fall Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

TWC Enterprises (TSX:TWC) reported net profit for the year-ended 31 December 2017 of CAD2.0m ($US1.6m), down 87.7% from CAD16.6m ($US12.3m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Net tangible assets per share up 14.5% from CAD6.84 ($US5.1) to CAD7.83 ($US6.2)

- Total current assets to Total Assets up from 1.9% to 2.2%

- Other non-current assets to Total Assets up from 1.7% to 3%

- Fixed Ass...