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Canaf Investments Inc. (TSXV: CAF) is a public company listed on the TSX-V Exchange. The company's core business includes Quantum Screening and Crushing (Pty) Ltd., which owns 70% of Southern Coal (Pty) Ltd., producing high carbon anthracite. Canaf Investments (Pty) Ltd. owns Canaf Estate Holdings (Pty) Ltd., a real estate investment company focused on suburban properties in Johannesburg. The company has been posting record revenue and net income figures, with strong EBITDA and earnings per share.
Canaf Investments Inc. (TSXV: CAF) has released its Financial Statements and Management Discussion and Analysis for the 9-month period ended July 31, 2024. Key highlights include:
- Revenue: CAN$24,959,020 (2023: CAN$21,285,662)
- Net income: CAN$1,524,784 (2023: CAN$1,382,244)
- 12-month trailing earnings per share: CAN$0.05/share
- Shareholder equity: CAN$10.9m
- Book value per share: CAN$0.229/share (July 31, 2023: CAN$0.172/share)
The company also announced the incorporation of a new subsidiary, Canaf Capital (Pty) , in South Africa. This subsidiary will focus on providing short-term, asset-backed financing through the Alternative Finance Group (AFG). Canaf Capital plans to allocate approximately CAN$1.9m by January 31, 2025, with expected returns of up to 2.25% per month.
Canaf Investments Inc. (TSXV: CAF) reported its financial results for Q2 2024. For the six months ending April 30, 2024, the company recorded a revenue of CAN$15.82 million, up from CAN$12.98 million in the same period in 2023. Net income increased to CAN$780,406 from CAN$733,008 in the previous year. The 12-month trailing earnings per share as of April 30, 2024, were CAN$0.048 per share. Shareholder equity stood at CAN$10.1 million, equating to a book value of CAN$0.213 per share, up from CAN$0.16 per share in the previous year. For more details, visit the company's financial statements and MD&A at www.sedarplus.ca or www.canafinvestments.com.
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