GENCAN CAPITAL INC. REPORTS FIRST QUARTER FINANCIAL RESULTS
Gencan Capital Inc. has released its Q1 financial results.
Revenues for the three-month period ended Dec. 31, 2019, were $1,759 compared with $1,585 in the comparable 2018 period. Net loss for the period was $18,962 compared with $19,555 in the comparable 2018 period. Loss per share for the period was nil in both the current and 2018 period.
As a result of the July, 2018, sale of the company's solar equipment, no solar energy generation revenue was earned during the three months ended Dec. 31, 2019. Management continues to evaluate potential new prospects for the company.
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