Victory Square Technologies posts 2020 profit in full-year financial statement

Victory Square Technologies posts 2020 profit in full-year financial statement

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FRA:6F6) said it has filed its audited annual consolidated financial statements for 2020, which saw the company swing to a profit.  The company reported an increase in net income to C$19.7 million in 2020, up C$28.6 million from a loss of C$8.9 million in 2019., while earnings increased year-over-year to $0.30 per share from a loss of $0.10 per share during 2019. The firm ended the quarter with cash and equivalents of C$4.5 million. READ: Victory Square Technologies sees 2020 net income more than double to C$19.7M from 2019 in full-year results Victory Square Technologies is a technology-focused incubation firm that looks to invest in and develop game-changing entrepreneurs, building toward what it calls the “fourth industrial revolution.” The company provides its investees with access to its education programs, a global network of mentors, distribution partners, creative workspaces, resources and operational support to help them scale internationally. Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com Follow him on Twitter @andrew_kessel

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