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JEMTEC 2024 Q3 & FINANCIAL UPDATE
JEMTEC INC.TSX-V: JTC
VANCOUVER, BC, June 27, 2024 /CNW/ - JEMTEC Inc. (TSXV: JTC) (the "Company") is pleased to provide an update on its performance for the fiscal Quarter ended April 30, 2024 (2024 Q3) and the Companies situation, showing a quarterly profit, no debt, strong liquidity and net worth.
Q3 Revenues
Revenues have increased by 25% during the quarter ended April 30, 2024 compared to the quarter ended April 30, 2023 primarily due to the expansion with the province of Saskatchewan. The Company earned revenues on its agreements with the Provinces of Saskatchewan, CSC, interest on cash balances and from private bail clients waiting release from court dates.
Q3 Expenses
During the quarter ended April 30, 2024, expenses decreased by 9% compared to the quarter ended April 30, 2023 primarily due to the fluctuations in directors' ...