VANCOUVER, April 5, 2018 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – April 5, 2018: ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce financials for the fourth quarter and the year ending December 31, 2017.
Highlights in 2017 and Recent Developments
- Record bus and aftermarket parts revenue of $54,701,931
- Record 2017 Adjusted EBITDA of $1,084,845 - see reconciliation of Net Earnings to Adjusted EBITDA in next section
- Working capital of $14,886,254
- Total assets of $46,962,090
- Record deliveries of one hundred fifty two (152) Vicinity buses
Selected Yearly and Periodic Information
The following table shows the audited results of the Company for the year ended December 31, 2017, 4 month period ended December 31, 2016 and the year ended August 31, 2016 and is stated in Canadian dollars.