FSNA Reports $9.6M Revenue for Fiscal Year

Logo courtesy of FSNA
Logo courtesy of FSNA

Franchise Services of North America (FSNA), franchisors of the U-Save brand, has announced its financial results for the fiscal year ended Sept. 30, 2016.

Revenue and loss from continuing operations for the year were $9,627,460 and $188,039, respectively, as compared to revenue of $9,648,371 and profit of $196,172 from continuing operations for the year ended Sept. 30, 2015.

Loss after discontinued operations for the year was $9,152,441 as compared to a loss of $412,617 after discontinued operations for the year ended Sept. 30, 2015. Discontinued operations consisted of Simply Wheelz LLC f/d/b/a Advantage Rent A Car for the year ended Sept. 30, 2016, and the operations of Practicar Systems Inc. for the year ended Sept. 30, 2015.

FSNA’s audited annual financial statements and related management's discussion and analysis can be viewed on the System for Electronic Document Analysis and Retrieval (SEDAR).

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