For the three months ended
Selected Financial Information | ||||
Income Highlights | Three months ended | Six months ended | ||
(in thousands of dollars, except per share amounts) | 2021 | 2020 | 2021 | 2020 |
Revenue | 2,776 | 1,591 | 4,576 | 2,635 |
EBITDA | 508 | 435 | 751 | 544 |
Net earnings | 440 | 371 | 621 | 415 |
Basic earnings per share | 9.8¢ | 8.4¢ | 13.8¢ | 9.4¢ |
Statement of Financial Position Highlights | ||
(in thousands of dollars) As at | 2021 | 2020 |
Working capital | 1,685 | 1,078 |
Property, plant and equipment | 2,309 | 2,310 |
Long-term debt, excluding current portion | 2,054 | 2,079 |
Shareholders’ equity | 1,940 | 1,309 |
Further information about the financial results of the Corporation can be found in the Corporation's unaudited interim financial statements for the quarter ended
About
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Non-IFRS Measures
Earnings before interest, tax, depreciation and amortization (“EBITDA”), as presented in this news release, is not a recognized measure under International Financial Reporting Standards (“IFRS”). However, management believes that EBITDA is a useful supplementary measure to net earnings, as it provides investors with an indication of cash earnings prior to debt service, capital expenditure, income tax and non-cash items. Readers should be cautioned, however, that EBITDA should not be construed as an alternative to net earnings determined in accordance with IFRS as an indicator of the Corporation’s performance or to cash flows from operating, investing and financing activities as a measure of liquidity or cash flows. The Corporation’s method of calculating EBITDA may differ from the methods by which other companies calculate EBITDA and, accordingly, the EBITDA used herein may not be comparable to measures used by other companies. For further information relating to how the Corporation calculates EBITDA, including a reconciliation of EBITDA to net earnings, please see the 2021 Q2 MD&A.
FOR FURTHER INFORMATION PLEASE CONTACT: | ||
(204) 717-0487 | dstearne@inventronics.com |
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