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Deer Horn Capital cuts losses, boosts revenue from organic retailing arm

Deer Horn Capital Inc recorded an improved balance sheet on Thursday as its operating loss was sharply reduced in the third quarter, while boosting revenues from its organic retailing division
Deer Horn Capital cuts losses, boosts revenue from organic retailing arm
Revenues burgeon as losses are cut at Deer Horn Capital

Deer Horn Capital Inc (CVE:DHM, CNSX:DHC) recorded an improved balance sheet on Thursday as its operating loss was sharply reduced in the third quarter, while boosting revenues from its organic retailing division.

The Vancouver-based company said that operating loss was C$263,371 in the three months ended April 30 versus C$317,986 in the same period a year ago.

Comprehensive loss for the period, at C$263,371, was also markedly down from C$579, 786 a year earlier. It means the loss per share shrank to 1 cent from 3 cents.

Revenue from its organic retailing division, which includes the organic food stores called Bodhi Natural Market, in the nine months ended April 30 was C$486,389, versus nil a year ago.

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