LCTI Low Carbon Technologies International, Inc. Reports Preliminary Earnings Results for the Six Months of Fiscal 2013; Provides Earnings Guidance for the Full Year Ending August 2013
April 19, 2013 at 08:13 am EDT
LCTI Low Carbon Technologies International Inc. reported preliminary earnings results for the six months of fiscal 2013. For the year to date, the company reflected an EBITDA of just over $13 million and a net income of roughly $10.75 million. Year-to-date EBITDA is $13 million which is a 62% increase over $8.1 million in fiscal 2012. The company's net income increased just over 600% year-to-date, reflecting a value of $10.75 million compared to the $1.5 million netted in fiscal 2012.
The company is putting on course to see upward of $28 million in EBITDA by year ending August 2013.