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Article: Carmanah Changing Reporting Currency to US Dollars, Realigns Reporting Segments, and Schedules 2009 Q3 Financial Results
- Article from:
- Wireless News
- Article date:
- November 10, 2009
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Wireless News
11-10-2009
Carmanah Changing Reporting Currency to US Dollars, Realigns Reporting Segments, and Schedules 2009 Q3 Financial Results
Type: News
Carmanah Technologies Corp. has confirmed that the company will change the reporting currency of its financial information from Canadian dollars to US dollars, effective the third quarter of 2009.
The company said the action, previously communicated in the company's 2009 second quarter report, reflects the profile of its revenue and net profit which are now primarily generated in US dollars.
"The move to reporting in US dollars just makes sense," said Roland Sartorius, CFO, Carmanah Technologies. "As our business has evolved in recent ...