Gendis Inc. (GDS.TO) reported that its fourth-quarter net earnings were C$17.8 million compared to C$1.3 million for last year's fourth-quarter. The increase in earnings is due to the settlement with the Canada Revenue Agency on a long outstanding tax matter and the fair value increase in the investment in OSUM based on OSUM's recent equity financing.
Net earnings from operations per share increased to C$1.28 from C$0.09 last year.
Revenue for the quarter was C$1.4 million compared to C$1.6 million in the year ago quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.