Currency Exchange International Announces Financial Results for the Three and Nine Month Periods Ended July 31, 2018

TORONTO, Sept. 11, 2018 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (the “Company”) (TSX:CXI; OTCBB:CURN), is pleased to announce its financial results and present management’s discussion and analysis (“MD&A”) for the three and nine month periods ended July 31, 2018 (all figures are in U.S. dollars except where otherwise indicated). The complete financial statements and MD&A can be found on the Company’s SEDAR profile at www.sedar.com. Financial Highlights for the Three Month Period Ended July 31, 2018 compared to the Three Month Period Ended July 31, 2017: During the three month period ended July 31, 2018, transactional activity between the Company and its customers increased 14% to 343,000 transactions from 300,000 for the three month period ended July 31, 2017; Revenues increased 16% or $1.6 million to $11.5 million for the three month period ended July 31, 2018 from $9.9 million for the three month period ended July 31, 2017; Net operating income decreased $64,000 to $3.5 million for the three month period ended July 31, 2018 from $3.6 million for the three month period ended July 31, 2017; Net income increased 24% or $463,000 to $2.4 million for the three month period ended July 31, 2018 from $1.9… Read full this story

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