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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.