Macro Enterprises Inc. Announces 2020 Fourth Quarter and Year End Results
Summary of financial results
Three months ended
($0.63)
31,272
Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ( IFRS ) and does not have a standardized meaning prescribed by IFRS. Management believes that EBITDA is an appropriate measure in evaluating the Company s performance. Readers are cautioned that EBITDA should not be construed as an alternative to net income (as determined under IFRS) as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) as a measure of liquidity and cash flow. The Company s method of calculating EBITDA may differ from the methods used by other issuers and, accordingly, the Company s EBITDA may not be comparable to similar measures used by other i