Read the financials profits were held down due to the recent aquistions, profits are much higher than shown there were one time cost that are being written down. Really do some dd here and read the financials
Source: 1H14 Company Filings
It must be noted that in 2013 Loyalist conducted a substantial level of acquisitions which has skewed its most recent numbers unless you thoroughly comb through them. There were quite a few one-time costs (mostly associated with the dismissal of employees) as a result of the consolidation. The company had a fairly modest EBITDA margin in 2013, 12.1% adjusted (before restructuring costs), and as cost synergies start to kick in, with additional operating leverage, the EBITDA margin can potentially expand beyond 15% in the short-term.
https://seekingalpha.com/article/2562605-loyalist-group-ltd-globalism-language-and-value-investing-presents-an-under-appreciated-education-roll-up-story
https://www.loyalistgroup.com/news.php?_ajax=&_cmd=view&_bi=&_pg=1&_sq=119&_wt=