Business News • MarketWire • Unisync Reports Second Quarter Financial Results |
Unisync Reports Second Quarter Financial Results |
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Unisync Reports Second Quarter Financial Results
VANCOUVER, BC--(Marketwired - May 19, 2016) - Unisync Corp. (TSX VENTURE: UNI) ("Unisync") today reported revenues of $13.7 million for the three months ended March 31, 2016, representing an increase of 20.7% over the last fiscal years' corresponding quarter revenues of $11.4 million. The Company's net loss of $328,506 in the quarter (Q2 2015: net income of $74,374) was mainly the result of an increase in the cost of off-shore purchases caused by the sharp decline in the value of the Canadian dollar.
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