A new study has shown that wearing two masks can do more to protect against COVID-19. State health officials have acknowledged the increased protection a second mask provides.
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TORONTO, ON / ACCESSWIRE / February 11, 2021 / AirIQ Inc. ( AirIQ ) (TSXV:IQ), a supplier of wireless asset management services, today announced its financial results for the three months and nine months ended December 31, 2020, reporting increases in recurring revenue of 11%, total revenue of 4%, gross profit of 13%, gross margin of 6%, operating profits of 16%, net income of 15%, cash balance of 5% and working capital of 6%, when compared to the same period the previous year. We are very pleased with our results this quarter, representing increases in almost all of our key operating metrics, stated Michael Robb, President and Chief Executive Officer of the Company. Despite the ongoing uncertainty due to the COVID-19 pandemic, the Company continues to move forward through the dedicated work of our team and the broadening of our product offering, such as the previously announced camera and battery operated devices, continued Mr. Robb.
The company has announced an investment of Rs 130 crore up a new plant for commercial refrigeration products at its existing facility at Wada in Maharashtra.
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