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Iplayco CFO targeting higher profitability in 2016

Iplayco (CVE:IPC) finance chief Max Liszkowski says the firm expects a moderate increase in sales and a significant increase in net earnings in 2016.

The firm’s full year sales in the year to September 2015 were the highest in the company’s history, with total takings at C$17.2mln.

Full year net income declined to C$517,062 from C$1.01mln in fiscal 2014, due to a one-off severance charge of C$581,186 in the quarter just gone.

Looking ahead, the manufacturer of children's indoor play equipment is seeing a stronger sales pipeline ahead, while cost cutting measure will improve profitability.

 
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