TSX:DND - Post Discussion
Post by
Bjcanada on Nov 08, 2021 5:18pm
Profit
04:47 PM EST, 11/08/2021 (MT Newswires) -- Dye & Durham (DND.TO) on Monday said it posted a profit in its fiscal first quarter on higher sales.
The company, which makes legal and financial software, said it earned C$22.1 million, which it said was a rise of C$37.1 million from the year-prior period. Revenue rose 414% to C$112.6 million on acquisitions. It did not disclose year-prior figures in its release.
"With our first quarter results, we are tracking an annualized run-rate of nearly $250 million in Adjusted EBITDA. With the recent recapitalization and our robust set of pipeline opportunities, we intend to continue executing on our "Build to a Billion" growth strategy to drive further growth," chief executive Matt Proud said in a release.
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