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Gendis Q4 Profit Rises - Quick Facts

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.

by RTT Staff Writer

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