Imaflex Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Confirms Revenue Guidance for 2017
For the year, revenue was CAD 73,513,000 against CAD 69,151,000 a year ago. Net income was CAD 408,000 against CAD 813,000 a year ago. Basic and diluted EPS was CAD 0.008 against CAD 0.016 a year ago. EBITDA was CAD 3,547,000 against CAD 3,805,000 a year ago.
As previously announced, the company expects 2017 revenues to grow by approximately 10% over 2016.