Gencan Capital Inc. reports year-end financial results

TORONTO, Jan. 27, 2017 /CNW/ - Gencan Capital Inc. (CSE - "GCA" - Common)

Gencan Capital Inc. today announced its financial results for its fiscal year ended September 30, 2016. Revenues for the year were $543,645, yielding net income of $31,448 and income per share of $0.00. This compares with revenues of $496,097, net income of $81,119 and net income per share of $0.00 for the 2015 fiscal year. During the current period the Company incurred additional administrative and general expenses resulting from the Company's listing on the Canadian Securities Exchange which became effective in October, 2015.

Gencan Capital Inc. is a Canadian Company with significant interests in solar generation equipment located in Ontario, Canada. The Company will consider expanding into other non-energy related opportunities, as they may arise, that will serve to create and maximize shareholder value.

SOURCE Gencan Capital Inc.

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For further information: Stan Abramowitz, Secretary (416) 920-0500


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