January 18, 2021
Group Operating Expenses totalled $2.35 million for the period relative to $2.08 million for the corresponding period in 2019, a 13%increase. While, for the quarter, group operating expenses amounted to $1.21 million (2019: $996,000).
The company reported net loss before taxation of $2.35 million, this compares with the loss of $2.07 million in 2019.
No taxes were incurred during the period under review as such, the company booked net loss for the period of $2.35 million (2019: $2.07 million). For the quarter, net loss amounted to $1.21 million (2019:net loss of$992,000).
Loss per share was 0.43 cent for the period (2019: LPS of 0.38 cent). While, for the quarter, loss per share amounted to $0.22 cent (2019: LPS of 0.18 cent). The trailing twelve months loss per a share is 1.25 cent. The number of shares used in the calculations is 546,000,000. CBNY stock price closed the trading period at a price of $0.22 on January 15, 2021.
Balance Sheet at a glance:
Total Assets as at November 30, 2020 amounted to $12.06 million,downfrom $18.51 million as at November 30, 2019. The main reason for the decrease in total asset was ‘Cash and Cash Equivalents’ moving down by 50% to close at $6.35 million compared to the $12.80 million reported in 2019.
Shareholders’ Equity amounted to $637,000, a 91% decrease relative to shareholders’ equity of $6.96 million reported in 2019. As such, the shareholder’s equity per share stood at 0.12 cent as at November 30, 2020 (2019: 1.28 cent).
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