Currency Exchange International, Corp. Reports Earnings Results for the Full Year Ended October 31, 2019
January 28, 2020 at 10:27 pm
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Currency Exchange International, Corp. announced earnings results for the full year ended October 31, 2019. For the full year, the company announced total revenue was USD 41.784 million compared to USD 39.098 million a year ago. Operating income was USD 6.152 million compared to USD 8.137 million a year ago. Net income was USD 2.924 million compared to USD 4.227 million a year ago. Basic earnings per share was USD 0.46 compared to USD 0.67 a year ago.
Currency Exchange International, Corp. is a foreign exchange technology and service provider. It provides a range of foreign exchange services to clients in the United States and through its subsidiary, Exchange Bank of Canada, in Canada. The Company provides comprehensive foreign exchange services, risk management solutions, and integrated international payments processing technology in North America. Its technology platform, CXIFX, delivers foreign currency services, such as foreign banknote exchange, foreign and US travelers' cheques, foreign and US travelers' cheques, foreign draft issuance, global EFTs and international wire payments. Its foreign bank note exchange services, which enable customers to buy and sell more than 80 foreign currencies from around the world, remove teller errors with its automated transaction process and updated banknote verification images and others. It serves various industries, including travel, technology, payroll, healthcare and nonprofit.
CURRENCY EXCHANGE INTERNATIONAL, CORP. 
