Currency Exchange International, Corp. Announces Restatement of Unaudited Earnings Results for the Years Ended October 31, 2015 and 2014
January 06, 2017 at 05:30 pm IST
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Currency Exchange International, Corp. announced restatement of unaudited earnings results for the years ended October 31, 2015 and 2014. For the year 2015, the company restated net income of USD 4.7 million or USD 0.77 diluted earnings per share compared to previously reported profit of USD 3.6 million or USD 0.59 diluted earnings per share.
For the year 2014, the company restated net income of USD 4.2 million or USD 0.77 diluted earnings per share compared to previously reported profit of USD 3.4 million or USD 0.62 diluted earnings per share.
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. 
