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Jetcon suffers 38% drop in revenue

Listed company Jetcon Corporation suffered a 38 per cent reduction in revenue in 2020 as it tried to weather the effects of the COVID-19 pandemic. 
 
In a notice to shareholders on Monday, Jetcon said it ended 2020 with revenue of $629 million compared to a little more than $1 billion in 2019.
 
It recorded a full year loss of $6.7 million.
 
During the previous year the used car dealer made a $60 million profit.
 
For the first quarter of this year, Jetcon says orders for vehicles were higher than in the same period in 2020.
 
Sales also increased.


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