CanAf Group Inc ( (TSE:CAF) ) has issued an update.
Canaf Investments Inc. reported its financial results for the fiscal year 2024, showing a 1% increase in revenue to CAN$32.72 million and a slight decrease in net income to CAN$2.16 million. Despite challenging market conditions affecting its primary earnings driver, Southern Coal, Canaf’s shareholder equity rose significantly, reflecting the company’s resilience and strategic expansion efforts. The company is focusing on diversifying its operations in South Africa, with plans to invest further in its property and financing divisions and finalize its first project under Canaf Agri, aiming to create sustainable value for shareholders.
More about CanAf Group Inc
Canaf Investments Inc. is a publicly listed company on the TSX-V Exchange, with its registered office in Vancouver, Canada, and additional offices in the United Kingdom and South Africa. The company owns Quantum Screening and Crushing (Pty) Ltd., which holds a significant stake in Southern Coal (Pty) Ltd., a producer of high carbon, de-volatised anthracite. Canaf also has interests in property, agriculture, and financing through its subsidiaries Canaf Estate Holdings, Canaf Agri, and Canaf Capital.
YTD Price Performance: 6.45%
Average Trading Volume: 40,120
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$15.65M
For a thorough assessment of CAF stock, go to TipRanks’ Stock Analysis page.