Great Q2 results! Solium Capital earns $2.4-million in Q2
Solium Capital Inc (C:SUM)
Shares Issued 47,332,612
Last Close 8/5/2014 $7.30
Wednesday August 06 2014 - News Release
An anonymous director reports
SOLIUM RELEASES 2014 SECOND QUARTER FINANCIAL RESULTS
Solium Capital Inc. today released its financial results for the second quarter ended June 30, 2014.
Financial and operating highlights for the three and six month periods ended June 30, 2014:
Revenue increased by 28% to $20.0 million in the second quarter of 2014 and by 24% to $41.8 million for the six month period ended June 30, 2014;
Earnings from operations increased by 142% to $4.2 million in the second quarter of 2014 and by 71% to $10.2 million for the six month period ended June 30, 2014;
Adjusted EBITDA1 increased by 83% to $5.4 million in the second quarter of 2014 and by 51% to $12.6 million in the six month period ended June 30, 2014;
Net earnings increased by 80% to $2.4 million in the second quarter of 2014 and by 74% to $7.0 million in the six month period ended June 30, 2014; and
Cash and short-term investments as at June 30, 2014 totaled $49.3 million.