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NAV CANADA announces first quarter financial results

Jan 09, 2019 - GlobeNewswire
Financial Results

OTTAWA, Jan. 09, 2019 (GLOBE NEWSWIRE) -- NAV CANADA today released its financial results for the three months ended November 30, 2018.

In the first quarter of fiscal 2019, NAV CANADA experienced positive financial performance as evidenced by its rate stabilization account balance of $128 million(1) which reflected a planned reduction of $5 million from August 31, 2018, but still grew by $4 million in the quarter. The Company had positive free cash flow(2) of $6 million and ended the qua...