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Fintech Select Announces Strong Quarterly Financial Results

Newswire.ca - Tue May 30, 2023

TORONTO, May 30, 2023 /CNW/ - Fintech Select Ltd. ("Fintech Select" or the "Company") (TSXV: FTEC) is pleased to announce financial results for the quarter ended March 31, 2023, wherein the Company achieved a net profit of $454,600. In addition, while anticipating some revenue ebbs and flows on account of ordinary seasonality, management remained confident in continued profitability for the Company for the foreseeable future. To the Company, this robust financial performance reflects the next stage of its growth, which follows on a concerted effort by management to cleanse its balance sheet and to renegotiate supplier and other contracts in efforts to better streamline costs and liabilities. Among the catalysts for the Company's financial growth was its business customer service center, which the Company feels is capable of continuing to deliver consistent and stable recurring revenues.

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