05:32 PM EDT, 09/11/2024 (MT Newswires) -- Currency Exchange International ( CURN ) , after close Wednesday said its fiscal third-quarter profit slipped despite higher revenue.

The company said it earned $3.94 million, or $0.59 per share, in the quarter ended July 31. down from $4.06 million, or $0.60, a year earlier.

Revenue rose to $23.99 million from $23.59 million.

CXI group's financial institutions sector in the United States continued to grow with the addition of 98 new clients, representing 123 transacting locations; and continued expanding its OnlineFX platform, adding Maryland and Iowa to its network - now providing its services in 43 states and the District of Columbia.

"CXI group delivered revenue growth over the prior period keeping our balance sheet strong while managing expenses," said Group CEO Randolph Pinna. "CXI's business is very strong in the USA as its model is diverse with both its wholesale and direct-to-consumer customers. CXI remains committed to executing against our strategy of profitable growth while maintaining adequate capital levels."

The company's shares closed up $0.25 to $26.00 on the Toronto Stock Exchange.