Business
ADF GROUP ANNOUNCES ITS RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED OCTOBER 31, 2010
ADF GROUP ANNOUNCES ITS RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED OCTOBER 31, 2010
About this update from Adf Group Inc.
[{"type":"text","content":"\n\n\n\n Dec. 9, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\nHighlights:\n\n\n\nRevenues of $40.3 million for the nine months ended October 31, 2010.\n\n\n\n\nGross margin of 29.6% of revenues for the nine-month period ended\n October 31, 2010 compared with 27.1% at the same date last year.\n\n\n\n\nNet earnings of $0.6 million for the quarter ended October 31, 2010 and\n $2.7 million for the nine-month period ended at the same date.\n\n\n\n\nAvailable liquidities (including cash, cash equivalents and short term\n investments) of $20.3 million as at October 31, 2010 exceeded the total\n debt by $11 million.\n\n\n\n\nTERREBONNE, QC, Dec. 9 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") (ticker symbol: DRX/TSX) closed the third\n quarter ended October 31, 2010, with revenues of $13.7 million compared\n with $15.8 million for the same quarter of the previous fiscal year.\n This decrease is primarily attributable to the different revenue mix\n and the increase in the Canadian dollar in relation to the U.S. dollar.\n For the nine-month period ended October 31, 2010, revenues totalled\n $40.3 million compared with $51.3 million for the same period last\n year.\n\n\nGross margin as a percentage of revenues rose from 24.9% in the third\n quarter of fiscal 2010 to 25.5% in the third quarter of fiscal 2011.\n For the nine-month period ended October 31, 2010, the gross margin\n represented 29.6% of revenues versus 27.1% l...