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Calian Technologies Ltd. (TSX:CTY) has announced its unaudited first quarter results for the period ending on December 31, 2015.
Calian Technologies Ltd. (TSX:CTY) has announced its unaudited first quarter results for the period ending on December 31, 2015.
According to the press release:
The Company reported revenues for the quarter of $64.5 million, a 15% increase from the $56.0 million reported in the same quarter of the previous year.
EBITDA(1) for the first quarter was $5.2 million, a 19% increase compared to $4.4 million in the same quarter of the previous year.
Net profit for the first quarter was $3.1 million or $0.42 per share basic and diluted, a 24% increase compared to $2.5 million or $0.34 per share basic and diluted in the same quarter of the previous year. Adjusted Net Profit(1) for the first quarter was $3.3 million or $0.45 per share basic and diluted, compared to $2.7 million or $0.37 per share basic and diluted in the same quarter of the previous year.
“The 15% improvement in revenues this quarter is a reflection of the revenue growth in both divisions – 32% growth in our Systems Engineering Division (SED) revenues and 9% growth in our Business and Technology Services (BTS) division. We experienced organic growth in most of our service lines this quarter and cash earnings continue to improve with an increase in EBITDA compared to the prior year” stated Jacqueline Gauthier, CFO.
Click here to read the full press release.