Profits Up at Exfo Despite Currency Concerns
QUEBEC CITY, Oct. 8, 2015 — Telecommunications firm Exfo Inc. increased earnings dramatically in its last fiscal year, which ended Aug. 31.
The result came despite lower sales figures, which the company said resulted from unfavorable currency conversion rates. Sales decreased 3.8 percent to $222.1 million in fiscal 2015 from $230.8 million in fiscal 2014 but were stable year over year on a "constant currency" basis, the company said. All currency figures herein are reported in USD.
Net earnings reached...