TORONTO - Momentum Advanced Solutions Inc. (TSX:WWW) said Tuesday it turned a fourth-quarter profit compared with a loss for the same period a year ago.
The website services company said it earned a profit of $242,630 for the three months ended April 30 compared with a loss of $304,000 a year ago.
Quarterly revenue was $5 million, up from $4.1 million in the same three month a year earlier.
For its full financial year, the company said it earned $102,596 compared with a profit of $3.6 million the previous year, boosted by earnings from discontinued operations.
Revenue for the 12 months ended April 30 totalled $17.6 million, up from $15.3 million the previous year.
Shares in the company last traded on the Toronto Stock Exchange for 18 cents.
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