FY2020 Annual Report: Pason Systems profits hit by 90% fall Corporate Wire Date: 19 April 2021 12:35 EDT Release Date: April 01, 2021
Pason Systems (TSX:PSI) reported net profit for the year-ended 31 December 2020 [FY2020] of CAD5.1m ($4.0m), down 90.5% from CAD53.8m ($41.2m) in the previous year [FY2019]. Earnings per share (EPS) were down 87.3% from 63.0c (US48.28c) in FY2019 to 8.0c (US6.25c) in FY2020.
Major changes compared with previous year (FY2020 vs FY2019):
Favourable Changes:- Working capital to total assets up from 42.0% to 46.3%- Current ratio up 61.2% from 4.2 to 6.7- Total Liab...