06:43:18 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Fintech Select Ltd
Symbol FTEC
Shares Issued 80,049,515
Close 2023-05-29 C$ 0.035
Market Cap C$ 2,801,733
Recent Sedar Documents

Fintech Select earns $454,600 in Q1 2023

2023-05-30 12:30 ET - News Release

Mr. Mohammad Abuleil reports

FINTECH SELECT ANNOUNCES STRONG QUARTERLY FINANCIAL RESULTS

Fintech Select Ltd. has released financial results for the quarter ended March 31, 2023, wherein the company achieved a net profit of $454,600. In addition, while anticipating some revenue ebbs and flows on account of ordinary seasonality, management remained confident in continued profitability for the company for the foreseeable future. To the company, this robust financial performance reflects the next stage of its growth, which follows on a concerted effort by management to cleanse its balance sheet and to renegotiate supplier and other contracts in efforts to better streamline costs and liabilities. Among the catalysts for the company's financial growth was its business customer service centre, which the company feels is capable of continuing to deliver consistent and stable recurring revenues.

"Our latest quarterly financial results are a testament to our persistent mantra that starting with a laser focus on cleansing and maintaining a healthy balance sheet will then pave the way for strong opportunities in sustainable growth and business development. We feel these financial results serve as a true testament to our philosophy in action," said Mohammad Abuleil, chief executive officer and president of the company. "We are proud of the milestones we have reached, and it is gratifying to see our efforts translate onto the bottom line."

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive prepaid card programs and e-wallet payment solutions. Fintech Select has enabled these core assets, which operate through separate divisions to work together harmoniously, to create a new and ubiquitous environment for consumers and businesses alike.

Fintech Select also operates an international call centre that provides fulfilment and customer service support to customers across all the company's platforms. The company's mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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