Sept 3rd 2018 - R14bn deal between SA and China will enable economic growth - https://citizen.co.za/business/2003...china-will-enable-economic-growth-presidency/ Key notes: South Africa’s Department of Trade and Industry and China’s National Development and Reform Commission also pledged to cooperate on international investment promotion for the African country’s special economic zones and industrial parks, including a 4 600 MW coal-fired plant, a cement plant, and other metallurgical projects. “The projects will see the investment, planning, constructing and operation of coking, ferromanganese, ferrochromium, silico-manganese, stainless steel, supporting administrative service centre and living areas, highways, and a shipping integrated logistics centre among others,” the Presidency said. Sept 4th 2018 - Is metallurgical coal the next big goldmine for Asian investors? - https://sbr.com.sg/utilities/more-news/metallurgical-coal-next-big-goldmine-asian-investors-0 Don't forget this article as it's crucial to seeing how badly China wants to secure metallurgical coal in South Africa: July 27th 2018 - Chinese investors plan $10 billion metallurgical complex in South Africa - https://www.reuters.com/article/us-...urgical-complex-in-south-africa-idUSKBN1KH1E8 CAF is now in it's diversification phase as mentioned in prior news releases over the summer. The metallurgical coal industry is very profitable and those funds can be deployed elsewhere, perhaps in another mining venture. Steel and ferromanganese are created from the product out of Canaf's facility, which are currently at record production due to global demand Sept 10 2018 - Manganese takes pole position in ARM’s earnings surge - http://www.engineeringnews.co.za/ar...in-arms-earnings-surge-2018-09-10/rep_id:4136 Also a reminder that CAF Q3 results will be out in a few weeks or sooner.
Canaf Investments earns $635,257 (U.S.) in nine months 2018-09-26 07:15 MT - News Release Mr. Christopher Way reports CANAF ANNOUNCES FINANCIAL RESULTS FOR Q3 2018 Canaf Investments Inc., formerly known as Canaf Group Inc., has released its financial statements and management discussion and analysis for the nine-month period ended July 31, 2018. Revenue for the nine-month period ended July 31, 2018, increased to $12,137,604 (U.S.), an increase of 43.7 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $635,257 (U.S.) (2017: $622,730 (U.S.)). For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the corporation's website. About Canaf Investments Inc. Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing, a South African-based company that owns 70 per cent of Southern Coal. We seek Safe Harbor. © 2018 Canjex Publishing Ltd. All rights reserved.
Canaf Group Inc.(CAF.V) Q3 2018 Results. Financials + MD&A Ending July 31st 2018. All information can be found at www.sedar.com TSXV Symbol: CAF - OCTBB Symbol: CAFZF Price: $0.11 Common Shares: 47,426,195 Insider Holdings: 12,304,085 or 26% - Majority Owned By CEO & Family Warrants/Options: 0 Website: www.canafgroup.com Financials (All In US Dollars) ASSETS Cash: $1,252,240 Trade Receivables: $1,682,075 Sales Tax Receivable: $20,078 Inventories: $685,983 Prepaid Expenses: $25,496 Property & Equipment: $808,845 Intangible: $1 Total Assets: $4,474,719 LIABILITIES Trade Payables: $1,684,853 Sales Tax Payable: -$859 Income Tax Payable: $72,029 Current Portion Of Bank Loan: $174,801 - Due Jan 2019 Total Liabilities: $1,930,824 Q1-Q3 Performance Sales: $12,137,604 Gross Profit: $933,187 G&A Expenses: ($444,535) Interest Income: $53,645 Income Tax Expense: ($26,192) Foreign Currency Gain: $119,153 Net Income For 2018: $635,257 Management Discussion & Highlights OVERALL PERFORMANCE AND OUTLOOK Revenues for the nine months were $12,137,604 (2017 - $8,443,667) a 43.7% increase, and the Corporation continues to be profitable with gross profits of $933,187 (2017 - $889,225) a 4.9% increase and net income for nine month period ended July 31, 2018 of $516,105 (2017 - $595,716) a 13% reduction. While revenues and gross margin have grown, increased cost of sales produced smaller gross margin percentages, 2018 7.7% (2017 10.5 %). The reduction in the gross margin is mainly due to major maintenance and re-commissioning costs during the period as well as various one off costs. The Corporation expects to continue to operate profitably into Q4, however Revenue is expected to reduce slightly as demand for calcine reduces slightly due to a slowing in manganese and steel production downstream of the supply chain. The Corporation cannot be sure of how long this slight reduction in demand will continue for, however remains confident that Southern Coal will continue to operate profitably as it continues to work with a potential new customer with the intention to secure a new long-term supply contract. Whilst continuing to ensure that Southern Coal continues to generate free cash flow, the Corporation is also actively exploring new opportunities in South Africa and its neighbours, as it accumulates cash and reduces its gearing; from January 2019 Southern Coal will have completed the repayment of the 14 million Rand loan with ABSA which will add approximately $26,000 per month to its cash-flow. The Corporation’s B-BBEE transaction for the sale of 30% of Quantum’s shares in Southern Coal for 18 million Rand was completed during the quarter. This marks a significant milestone in the strategic plan to bring Southern Coal’s BBBEE rating in line with its existing and potential new customers’ requirements. The revised effective date for the transaction is 01 August 2018. BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (B-BBEE) As part of Southern Coal’s B-BBEE transformation program, Amandla Amakhulu (Pty) Ltd., (“AAM”), a 100% black, privately owned, and ringfenced, company incorporated in South Africa, acquired 30% of the issued shares of Southern Coal, from Canaf’s wholly owned subsidiary, Quantum, for the value of 18 million Rand. The revised effective date for the transaction is 01 August 2018. Quantum in return received cumulative, redeemable preference shares in AAM in the amount of the purchase price. These preference shares shall provide preferential dividends, until redeemed by AAM. These dividends will be secured by an irrevocable direction from AAM to Southern Coal to pay Quantum such dividends from any distribution to AAM. CLAIM AGAINST KILEMBE MINES LIMITED In August 2006, Canaf, then known as Uganda Gold Mining, announced the termination of any further investment into its Kilembe Copper-Cobalt Project in Uganda. Since 2007, the Corporation has been engaged in an arbitration with Kilembe Mines Limited, (“KML”), whereby the Corporation seeks general damages, special damages and costs of the arbitration from KML for breach of contract. The legal work, carried out by MMAKS Advocates, Kampala, against KML is at no cost to the Corporation, but any award in won by MMAKS efforts will be distributed to both MMAKS and Canaf. Despite the fact that the claim against KML Corporation remains active, the Corporation is unable to give an indication of either the quantum or any likely date by which the arbitration will be concluded. Sales Revenue for the nine months was $12,137,604 (2017 - $8,443,667), 44% increase due to high demand for Southern Coal's calcine product from both of its main customers, particularly in Q2. The Corporation is confident that Sales will remain at profitable levels in to Q4, however expects to see a slight reduction in comparison to Q3, as demand falls off slightly. Expenses Expenses for the nine months were $444,535 (2017 - $237,288) an increase of $89,286, 25%, primarily due to increased costs relating to the B-BBEE program and major maintenance costs on Southern Coal’s old calcining facilities. Other one off expenses that were incurred during the period were legal costs relating to the Corporation’s name change, as well as back dated rent for Southern Coal’s premises which were negotiated at approximately $20,000. General administrative and finance expenses for the nine month period were $418,788 (July 31, 2017 - $312,829) an unfavorable variance of $105,959, primarily due to increased involvement in South Africa’s B-BBEE program and increased activity resulting in higher management fees and office expenses. The Corporation incurred extra management and consultant fees due to the passing of its previous CFO, Zeny Manalo as well as transitional costs associated with the resignation and appointment of its CFO during the year. The Corporation does not expect any further extra ordinary management or consultant fees going forward. Comprehensive Income The Corporation is not subject to currency fluctuations in its core activities however the Corporation is subject to transactions in various currencies and the volatility in international currency markets does have an impact on some costs and the translation into US$ the reporting currency of the Corporation. The current period comprehensive gain on foreign exchange in the amount of $119,153 (2017 - $27,014) is primarily as a result of the translation into US$ the reporting currency. As at July 31, 2018 the Corporation has net comprehensive gain of $635,257 (July 31, 2017 - $622,730.) The Corporation does not hedge net asset translation movements. LIQUIDITY AND CAPITAL RESOURCES At July 31, 2018, the Corporation had cash of $1,252,240 (October 31, 2017 - $453,609) and working capital of $1,735,049 (October 31, 2017 - $1,098,726). Surplus cash and cash equivalents are deposited in interest accruing accounts. Working capital components include cash in current or interest bearing accounts, trade and other receivables, sales tax receivable, inventories and prepaid expenses and deposits, trade and other payables, sales tax payable, income tax payable, and current portion of long-term debt. Trade receivables and trade payables are expected to increase or decrease as sales volumes change.
Article: Anthracite Coal Market Heating Up Due To Global Demand & Supply Issues http://news-australia-today.com/ind...s-business-development-and-industry-analysis/ Anthracite Market Analysis to 2023 | Top 10 Companies, Trends, Growth Factors, Business Development and Industry Analysis SEPTEMBER 28, 2018 BY MARKET RESEARCH FUTURE IN ANTHRACITE MARKET, MARKET · 0 COMMENT Anthracite is the high-level ranking coal because it is rigid, carbon concentrated, has less moisture content, and burns efficiently than other coals. Due to its excess carbon storage and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions. Urbanization of the emerging economies is resulting in the largest migration of people in human history. The infrastructure required to support the resulting rapid growth is creating unprecedented demand for steel and the anthracite coal needed to produce it. Combined with declining coal reserves it is expected that there will be long-term global shortage of metallurgical coals. Approximately 500 million tons of new annual metallurgical coal production will be required by the end of the decade to service the growth in demand. Get sample report now @ https://www.marketresearchfuture.com/sample_request/2742 Global Top 10 Key Players Key players of the global Anthracite market are: Blaschak Coal Corporation (US), Lehigh Anthracite (US), Atlantic Coal Plc. (UK), Atrum Coal Ltd (Australia), Celtic Energy (US), Vietnam National Coal-Mineral Industries Group (US), Sadovaya Group (Europe), Vostok Coal (Russia), Siberian Anthracite (Russia), Robindale Energy Services, Inc. (U.S) and others. Anthracite Market – Intended Audience Anthracite manufacturers Traders and distributors of Anthracite Production Process industries Potential investors Raw material suppliers Nationalized laboratory Regional analysis: The global anthracite market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Anthracite market is largest market owing to robust industry growth of application industry in China, Japan and India. At a time Vietnam and Ukraine were the biggest exporters of anthracite are quickly decreasing from the market with their combined exports. The rapid decrease in anthracite exports appears unable to be supplied from other major exporters in Russia and South Africa, resulting in a tight supply and demand dynamic, creating a strong price environment. China is major dominating country owing to large scale production of end user industries such as metallurgy and power & energy. Russia led to the second position in terms of producing anthracite followed by Ukraine, Vietnam, Korea, South Africa, US, and others. While the major exporter of anthracite in decreasing order are Vietnam, Russia, China, North Korea, South Africa, US, Germany, UK, and others. On the other hand the major importers of anthracite in decreasing order are China, Japan, South Korea, France, Belgium, Bulgaria, Brazil, and others. Browse Complete Report at https://www.marketresearchfuture.com/reports/anthracite-market-2742 Mining of high-quality anthracite occurs mainly in China, Russia, South Africa, Ukraine, the United States and Vietnam. There is sizeable production in some western European countries, but the quality is primarily suitable only for power generation. In terms of exporting, countries such as Russia and Ukraine have become the dominant suppliers to world markets over the past seven years due to their lower production costs. In Asia, Russia is constantly replacing China and Vietnam in various markets. In the western region, Ukraine is becoming the important anthracite supplier. Russia has emerged in recent years as the key anthracite supplier to Europe and other markets around the world. Production in Ukraine has been affected by the conflict in the east of the country since 2014 but may recover from now on. Vietnam’s position as world supplier is continuous decaling due to its high cost producing charges. Other sources such as South Africa and the United States focus primarily on their domestic markets, with small exports. Segmentation The global Anthracite market is majorly segmented on the basis of application, end users and region. Based on application of Anthracite the market is segmented into fuel, steel making, sinter plants, indurating furnaces, furnace coal replacement, and others. Based on end user the market segmented steel , energy & power, bricks, silicon & glass, synthetic fuels, others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa. The post Anthracite Market Analysis to 2023 | Top 10 Companies, Trends, Growth Factors, Business Development and Industry Analysis appeared first on Herald Keeper.
https://simplywall.st/stocks/ca/mat...vecaf-18-roe-strong-compared-to-its-industry/ Is Canaf Investments Inc’s (CVE:CAF) 18% ROE Strong Compared To Its Industry? Kyle Sanford October 6, 2018 Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We’ll use ROE to examine Canaf Investments Inc (CVE:CAF), by way of a worked example. Canaf Investments has a ROE of 18%, based on the last twelve months. One way to conceptualize this, is that for each CA$1 of shareholders’ equity it has, the company made CA$0.18 in profit. Check out our latest analysis for Canaf Investments How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders’ Equity Or for Canaf Investments: 18% = US$462k ÷ US$3m (Based on the trailing twelve months to July 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. It is all earnings retained by the company, plus any capital paid in by shareholders. Shareholders’ equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. What Does Return On Equity Mean? ROE looks at the amount a company earns relative to the money it has kept within the business. The ‘return’ is the amount earned after tax over the last twelve months. A higher profit will lead to a a higher ROE. So, all else equal, investors should like a high ROE. That means ROE can be used to compare two businesses. Does Canaf Investments Have A Good Return On Equity? By comparing a company’s ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. As you can see in the graphic below, Canaf Investments has a higher ROE than the average (11%) in the metals and mining industry. TSXV:CAF Last Perf October 5th 18 That’s clearly a positive. We think a high ROE, alone, is usually enough to justify further research into a company. One data point to check is if insiders have bought shares recently. Why You Should Consider Debt When Looking At ROE Virtually all companies need money to invest in the business, to grow profits. That cash can come from issuing shares, retained earnings, or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won’t affect the total equity. That will make the ROE look better than if no debt was used. Combining Canaf Investments’s Debt And Its 18% Return On Equity While Canaf Investments does have a tiny amount of debt, with debt to equity of just 0.069, we think the use of debt is very modest. The fact that it achieved a fairly good ROE with only modest debt suggests the business might be worth putting on your watchlist. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises. The Key Takeaway Return on equity is useful for comparing the quality of different businesses. In my book the highest quality companies have high return on equity, despite low debt. All else being equal, a higher ROE is better.
CAF Insider Buying This Week https://ceo.ca/api/sedi?insider=&symbol=CAF&date=&transaction=&amount=&undefined[company_symbol]=CAF DateIssuerInsiderTransactionAmountNew TotalRecent filingsFiling date: 2018-10-24 Transaction: 2018-10-24$CAF Canaf Investments Inc. (formerly Canaf Group Inc.)Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market $7,440 +93,000 vol $0.08 each4,850,800Older filingsFiling date: 2017-04-27 Transaction: 2017-04-27$CAF Canaf Group Inc.Way, David 4 - Director of Issuer Options 52 - Expiration of options -500,000 vol0Filing date: 2016-12-17 Transaction: 2016-12-16$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$4,500 +75,000 vol $0.06 each4,757,800Filing date: 2016-12-15 Transaction: 2016-12-14$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$600.00 +10,000 vol $0.06 each4,682,800Filing date: 2016-12-10 Transaction: 2016-12-09$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$60.00 +1,000 vol $0.06 each4,672,800Filing date: 2016-12-08 Transaction: 2016-12-08$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$1,210 +22,000 vol $0.055 each4,671,800Filing date: 2016-12-08 Transaction: 2016-12-07$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$275.00 +5,000 vol $0.055 each4,649,800Filing date: 2016-12-08 Transaction: 2016-12-07$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$700.00 +14,000 vol $0.05 each4,644,800Filing date: 2015-10-19 Transaction: 2015-10-19$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 11 - Acquisition or disposition carried out privately$31,500 +450,000 vol $0.07 each4,630,800
more insider buying this week https://ceo.ca/api/sedi?insider=&symbol=CAF&date=&transaction=&amount=&undefined[company_symbol]=CAF Filing date: 2018-11-14 Transaction: 2018-11-14$CAF Canaf Investments Inc. (formerly Canaf Group Inc.)Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$7,950 +100,000 vol $0.0795 each4,950,800Older filingsFiling date: 2018-10-24 Transaction: 2018-10-24$CAF Canaf Investments Inc. (formerly Canaf Group Inc.)Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$7,440 +93,000 vol $0.08 each4,850,800Filing date: 2017-04-27 Transaction: 2017-04-27$CAF Canaf Group Inc.Way, David 4 - Director of Issuer Options 52 - Expiration of options -500,000 vol0Filing date: 2016-12-17 Transaction: 2016-12-16$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$4,500 +75,000 vol $0.06 each4,757,800Filing date: 2016-12-15 Transaction: 2016-12-14$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$600.00 +10,000 vol $0.06 each4,682,800Filing date: 2016-12-10 Transaction: 2016-12-09$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$60.00 +1,000 vol $0.06 each4,672,800Filing date: 2016-12-08 Transaction: 2016-12-08$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$1,210 +22,000 vol $0.055 each4,671,800Filing date: 2016-12-08 Transaction: 2016-12-07$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$275.00 +5,000 vol $0.055 each4,649,800Filing date: 2016-12-08 Transaction: 2016-12-07$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 10 - Acquisition or disposition in the public market$700.00 +14,000 vol $0.05 each4,644,800Filing date: 2015-10-19 Transaction: 2015-10-19$CAF Canaf Group Inc.Way, Christopher Robert 4 - Director of Issuer, 5 - Senior Officer of Issuer Common Shares 11 - Acquisition or disposition carried out privately$31,500 +450,000 vol $0.07 each4,630,800
Canaf announces full repayment of term loan and award of B-BBEE rating 2019-01-21 10:03 MT - News Release Mr. Christopher Way reports CANAF ANNOUNCES FULL REPAYMENT OF TERM LOAN AND AWARD OF B-BBEE RATING Canaf Investments Inc.'s majority-owned South African subsidiary, Southern Coal Pty Ltd., has fully repaid a term loan. Canaf has been awarded a level 4 broad-based black economic empowerment (B-BBEE) rating. On 07 January 2019, Southern Coal (Pty) Ltd., ("Southern Coal") the Corporation's majority owned South African subsidiary, made its final payment for the 14 million Rand loan from ABSA bank, which was drawn down in February 2015. Repayment of this loan now releases Southern Coal from monthly instalments of approximately 392,000 Rand (approx. C$37,000 or US$28,000), which the Corporation plans to allocate to future diversification or expansion projects. On 21 January 2019, and further to the Corporation's announcement on 15 August 2018, Southern Coal was awarded a Level 4, B-BBEE rating. Christopher Way, Chief Executive Office of Canaf, states, "Achieving a Level 4 rating is a proud achievement for Southern Coal, and now frees up the company's ability to engage in long-term agreements with existing and new potential customers." The achievement of both the repayment of debt and the award of a Level 4 B-BBEE rating further strengthens the Corporation's financial and strategic position, as it looks at new investment and expansion opportunities. About Canaf Canaf is a public company listed on the TSX-V Exchange. Canaf's registered office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., ("Quantum"), a South African based company that owns 70% of Southern Coal (Pty) Ltd., ("Southern Coal"), a company that produces a high carbon, de-volatised (calcined) anthracite. About Southern Coal Southern Coal produces calcined anthracite, a product used primarily as a substitute to coke in sintering processes. Southern Coal produces calcined anthracite by feeding washed anthracite coal through rotary kilns, at temperatures between 900 and 1100 degrees centigrade; the volatiles are driven off and the effective carbon content increased. Southern Coal's two largest clients are African leaders in steel and ferromanganese production. Southern Coal operates near Newcastle, KwaZulu-Natal, where Quantum's three kilns operate; the majority of Southern Coal's feedstock anthracite is supplied from local anthracite mines in KwaZulu-Natal. We seek Safe Harbor. © 2019 Canjex Publishing Ltd. All rights reserved.
CAF numbers are out. Asset/Debt ratio keeps looking better and better, yet we trade at a lower price compared to last year? Some USD/Rand fluctuations, but we know that they paid off all the bank debt in Q1 2019 so odds are another profitable quarter will be announced next month. Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Liability Ratio Net Asset Value ($USD) 2007 $6,193,884 -$721,465 $7,203,120 $4,822,980 1.49 $2,380,140 2008 $9,038,397 -$2,639,324 $3,134,842 $3,336,654 0.94 -$201,812 2009 $4,561,417 -$539,609 $3,270,899 $3,239,579 1.01 $31,320 2010 $11,807,383 $551,552 $3,734,633 $3,006,923 1.24 $727,710 2011 $13,336,725 $574,766 $3,704,897 $2,673,936 1.39 $1,030,961 2012 $10,882,074 $126,169 $4,029,063 $2,871,933 1.40 $1,157,130 2013 $14,969,633 $557,797 $4,141,224 $2,426,297 1.71 $1,714,927 2014 $13,257,224 $201,330 $3,597,561 $1,681,304 2.14 $1,916,257 2015 $9,156,927 -$285,218 $3,512,225 $1,881,186 1.87 $1,631,039 2016 $4,703,528 -$162,065 $2,729,318 $1,260,344 2.17 $1,468,974 2017 $10,699,117 $439,664 $3,315,232 $1,406,594 2.36 $1,908,638 2018 $14,673,658 $298,144 $4,774,437 $1,178,597 4.05 $3,595,840
Canaf Investments earns $623,884 (U.S.) in fiscal 2018 2019-02-28 08:24 MT - News Release Mr. Christopher Way reports CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 OCTOBER 2018 Canaf Investments Inc. has released its financial statements, and management discussion and analysis for the year ended Oct. 31, 2018. For the year, revenue increased to $14,673,658 (U.S.) from $10,699,117 (U.S.) the previous year, and the corporation recorded a net profit of $623,884 (U.S.) in comparison to $541,808 (U.S.) the previous year. Earnings before interest, taxes, depreciation and amortization for the year was recorded at $1,028,094 (U.S.) or approximately $1.35-million. Christopher Way, chief executive officer, states: "The annual results reflect another solid performance from the corporation's majority owned subsidiary, Southern Coal. During they year we successfully completed a strategic and important Broad-Based Black Empowerment transaction and we are now a cash-flow-positive business with zero long-term liabilities. The corporation will continue to focus its attention at making efficiencies within its South African business, as well as looking for new markets and diversification opportunities." For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website. About Canaf Investments Inc. Canaf is a public company listed on the TSX Venture Exchange. Canaf's registered office is in Vancouver, B.C., Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 70 per cent of Southern Coal. About Southern Coal Southern Coal produces calcined anthracite, a product used primarily as a substitute to coke in sintering processes. Southern Coal produces calcined anthracite by feeding washed anthracite coal through rotary kilns, at temperatures between 900 and 1,100 degrees centigrade; the volatiles are driven off and the effective carbon content increased. We seek Safe Harbor. © 2019 Canjex Publishing Ltd. All rights reserved.