Source: Belzberg Technologies
Belzberg Technologies Inc. (TSX-BLZ) announced today that October was an unusually profitable month for the company due to the recent volatility in the financial markets, resulting in exceptional volumes in the company's execution business and a forex gain of approximately $800,000 from the Company's US dollar hedging activities designed to protect the company's balance sheet from currency fluctuations.
"Although investors should not take this as indicative of overall results for the 4th quarter, the strength of our October results including the forex gain warrant this disclosure," said Sid Belzberg, Chairman and CEO.