Increases revenue for 2017 to 10,100,000 USD , an increase of 26.5%Symbol: TSX-V: LG
MONTREAL , March 1 , 2018 /CNW Telbec/ - LGC Capital Ltd. (LG.V) ("LGC") is pleased to announce that Etea Sicurezza Group Ltd ("Etea") beat revenue expectations in 2017, closing the financial year with consolidated revenue of more than USD $10 million, a 26.5% increase over Etea's 2016 consolidated revenue of USD $7.4 million. Etea has more than 430 clients that include Ferrari, Buhler, L'Oreal, Unilever, Siemens, Petrobras, Ferrero, Coca-Cola, Martini, Heinz, E.On, Luxottica Group, Shell, Michelin and Roche. As previously announced, LGC holds 3% of Etea's issued and outstanding shares and has entered into a letter of intent with Etea for a potential acquisition by LGC of approximately 20% of Etea.
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