SERENIC REPORTS PROFITABLE YEAR

Nonprofit accounting software vendor Serenic rebounded to a $297,694 profit for the year ended February 28. That compared to a loss of $1.2 million for fiscal 2009. That came as revenue rose to $10.7 million for the year just ended, an increase of 15.2 percent from $9.33 million the prior year. However, it had a weaker fourth quarter. All numbers are reported in Canadian dollars. Read more...

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