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Q&A
Discussion on EDC's high net income in fiscal 2016
1:23:50
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29 sec
Council Member Amanda Farías inquires about EDC's unusually high net income of $100 million in fiscal 2016. Andrew Kimball provides a brief response.
- EDC had a significantly higher net income in fiscal 2016 compared to other years
- Kimball suggests that the high income was likely due to a couple of big sales that occurred that year
Amanda Farías
1:23:50
That's great to hear that that's how we're utilizing the programs.
1:23:54
And then just my last question in this space, in fiscal twenty sixteen EDC had a net income of a hundred million much larger than any other years.
1:24:05
Do we know what the reason for that was?
1:24:07
Have we reflected back and seen if there's any way we can get back to those levels or what were the larger
Andrew Kimball
1:24:13
FY 2016?
1:24:14
Yes.
1:24:14
My guess is that it was a couple of big sales that that occurred.