JEMTEC 2020 Fiscal Year End Financial Results
JEMTEC INC. TSX-V: JTC
VANCOUVER BC, Nov. 27, 2020 /CNW/ - JEMTEC Inc. (TSX-V: JTC) (the "Company") is pleased to provide an update on its financial performance for the year ended July 31, 2020. The following results show the Company continues to improve it's financial strength, with no debt, strong liquidity and net worth.
2020 Y/E Revenues
2020 Y/E Expenses
2020 Y/E Income Tax
2020 Y/E Net Income
2020 Y/E Liquidity
Dividend Paid in 2020
Eric Caton, President and CEO said, "We are pleased with the Y/E results which we believe stem from our flexible business model and form a solid basis for future growth". Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada since 1987 and in doing so has built a reputation for offering the best technological solutions and support for use in this demanding environment.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Jemtec Inc.
Company Codes: TorontoVE:JTC
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