TSX:DIV - Post Discussion
Post by
Divies on Mar 25, 2024 7:14pm
Net income from the recent news release says $ 9.1 million
Net Income (Loss)
Net income for Q4 2023 was $9.1 million compared to a net loss of $4.5 million for the three months ended December 31, 2022. Net income for the year ended December 31, 2023, was $31.7 million compared to $15.6 million for the year ended December 31, 2022. The net income in Q4 2023 and the increase in net income for the year ended December 31, 2023, were primarily due to the higher adjusted revenues8 and the non-cash impairment reversals of the Mr. Mikes intellectual property rights owned by DIV, partially offset by the non-cash impairment losses related to the AIR MILES® and Sutton intellectual property rights owned by DIV, fair value adjustments on financial instruments, higher income tax expenses and a higher interest expenses.
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