Consolidated after tax net income for the quarter was
Adjusted EBITDA (comprehensive income before interest expense, income taxes, depreciation and amortization, share-based payment, and acquisition related costs) was
More detailed information is contained in the Company’s Interim Financial Statements for the three months ended
About
UGL is a leading provider of full-service, managed apparel programs for major corporations and government-related entities. With an established broad-based geographical footprint across
Business Outlook
With covid-19 vaccines beginning to be distributed worldwide, the Company believes that it will soon see a gradual improvement in the business conditions of its general customer base. In particular, during the pandemic the Company’s North American hospitality and transportation accounts have been running at a fraction of previous capacity levels, so it is expected that the Company will experience a strong rebound in sales with major accounts in this sector as restrictions are lifted. The Company also expects increased revenues from new accounts being brought onboard in both
On Behalf of the Board of Directors
CEO
Investor relations contact:
Douglas F Good, Executive Chairman at 778-370-1725 Email dgood@unisyncgroup.com
Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Source:
2021 GlobeNewswire, Inc., source