Brief: Titan Logix Q3 loss c$0.03 per share
27/07/2016 14:00
July 27 (Reuters) - Titan Logix Corp TLA.V
* Titan Logix Corp reports fiscal 2016 third quarter
financial results
* Q3 loss per share c$0.03
* Q3 revenue fell 71 percent to c$743,600
* Says in process of closing Saskatchewan warehouse and
service facility and transitioning to new value added reseller
program
* Says priority in short term to preserve its balance sheet
and has undertaken cost reduction measures
* Says cost reduction measures include a significant
reduction in its work force over course of last two fiscal
quarters
* Til crude prices recover to level stimulating increased
oil tanker activity in N.A., sees demand for primary products to
remain depressed
Source text for Eikon: ID:nMKWX2XQha
Further company coverage: TLA.V
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