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Betteryear2 on Sep 12, 2024 9:57am
ADF GROUP INC. ANNOUNCES RESULTS
HIGHLIGHTS
(All amounts are in Canadian dollars unless otherwise noted.)
- Revenue of $182.3 million recorded during the 6-month period ended July 31, 2024, up 13.6% compared with the same period a year earlier.
- Net income of $16.0 million and $31.3 million recorded for the 3-month and 6-month periods ended July 31, 2024, up 51.8 % and 96.5% respectively from the same periods a year ago.
- Cash flow from operating activities of $60.1 million for the 6-month period ended July 31, 2024.
- Order backlog (1) at $402.3 million as at July 31, 2024.
TERREBONNE, QB, Sept. 12, 2024 /CNW/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), recorded revenues of $74.9 million during the second quarter ended July 31, 2024, compared with $80.2 million for the same period a year earlier. After the first six months of the fiscal year, revenues totalled $182.3 million, which is $21.8 million or 13.6% more than for the same period a year earlier.
ADF GROUP INC. ANNOUNCES RESULTS FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JULY 31, 2024 (newswire.ca)
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