Gendis Inc. Announces First Quarter Earnings of More Than $1.8-Million

(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwired) -- 06/07/13 -- Gendis Inc. (TSX: GDS) today announced its financial results for the 1st quarter ended April 30, 2013.

Revenue for the 1st quarter was $1,420,000 compared to $1,513,000 for the prior year 1st quarter. Revenue less expense for the 1st quarter was $655,000 compared to $629,000 the prior year 1st quarter. Net earnings for the 1st quarter were $1,845,000 ($0.13 per share) compared to net earnings of $227,000 ($0.02 per share) for the prior year 1st quarter.

The volatility in net earnings quarter over quarter is primarily due to the change in fair value of equity investments and investment properties with the attendant effect on deferred income taxes.

Condensed summarized information is as follows:





Contacts:
Gendis Inc.
James E. Cohen
President & Chief Executive Officer
(204)474-5200
(204)474-5201 (FAX)

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Bereitgestellt von Benutzer: Marketwired
Datum: 07.06.2013 - 20:44 Uhr
Sprache: Deutsch
News-ID 267744
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WINNIPEG, MANITOBA

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Oil & Gas

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