Genterra Inc. reports year-end financial results

Jan 28, 2010, 13:40 ET from Genterra Inc.

(TSX Venture - "GIC" - Common)

TORONTO, Jan. 28 /PRNewswire-FirstCall/ - Revenues for the year ended September 30, 2009 increased to approximately $3.2 million from $2.8 million in the comparable 2008 period. Net Earnings for the year were $114,989 compared to $302,659 in the preceding year. Earnings per share for the year was $0.01 compared with $0.02 in the comparable 2008 period. Current year earnings were impacted by the tax treatment of capital transactions and the dividends on the retractable preference shares.

Genterra Inc. is a management and holding company whose assets include rental real estate properties, equity investments and loans and mortgages receivable.

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SOURCE Genterra Inc.