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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