YTD – $13 Million EBITDA, $10.75 Million Net Income – Preliminary Numbers Suggest Positive Growth Potential for Year-End
Vancouver, British Columbia, April 19, 2013 LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today the company’s preliminary YTD financials [6 months past] reflect an EBITDA of just over $13 Million and a Net Income of roughly $10.75 Million – putting LCTI on course to see upward of $28 Million in EBITDA by Year End (FISCAL: August 2013).
Year-to-date EBITDA is $13mm which is a 62% increase over $8.1mm in Fiscal 2012. The company’s net income increased just over 600% year-to-date, reflecting a value of $10.75mm vs. the $1.5mm netted in Fiscal 2012.
“The numbers speak clearly,” stated Bryan Scott Jarnagin, CEO and Chairman of LCTI Low Carbon Technologies International Inc. “LCTI is poised to see significant financial growth over the next few years, possibly surpassing our anticipated revenue numbers which should add $60mm in shareholder equity by fiscal year end [8/13].”
People close to the company suggest LCTI’s success can be attributed to their investment style. Primarily acquiring operating businesses whereby LCTI holds a controlling stake, LCTI then leverages those companies to acquire additional operating businesses, technologies and/or to contribute to Joint Ventures, “without giving away the farm,” said Mr. Jarnagin.
Remaining focused on only six sectors with Clean-tech overtones, Jarnagin tends to engage in transactions he completely understands. This competency is complimented and wholly supported by the company’s extensive management team and highly qualified group technology advisors.
“If the year continues to go as we anticipate, with such additions as the Gulf Coast Mitigation Bank – a $96 Million Dollar project – and one other acquisition we have targeted, LCTI can possibly see revenues potentially exceed $100 Million Dollars annually in the near future,” concluded Mr. Jarnagin.