Gendis Inc. (GDS.TO: Quote) 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.
Click here to receive FREE breaking news email alerts for Gendis Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org