09:45 AM EST - Avcorp Industries Inc. : Announced its financial results for the year ended December 31, 2019. Revenue in 2019 was $164,770,000 compared to $170,710,000 in 2018. 2019 revenue decreased by $1,323,000, in comparison to 2018, after the benefit of amortization of the unfavourable contract liability is removed. 2019 operating loss was $1,124,000 compared to operating income of $26,917,000 in 2018. Operating loss improved by $2,101,000 in comparison to 2018, after the benefit of amortization of unfavourable contracts liability and onerous contracts provisions, net contract modification, and the net claims impact have been removed. Avcorp Industries Inc.
shares T.AVP are trading unchanged at $0.04.
