Business
RESULTS FOR THE FIRST QUARTER ENDED APRIL 30, 2011 - ADF GROUP INC. MAINTAINS GOOD PROFIT MARGINS AND AN EXCELLENT FINANCIAL POSITION
Jun. 15, 2011 (Canada NewsWire Group) -- FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED AP...
About this update from Adf Group Inc.
[{"type":"text","content":"\n\n\n Jun. 15, 2011 (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\nFINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED APRIL 30, 2011\n\n\nThe results are disclosed in accordance with the new International\n Financial Reporting Standards ("IFRS").\n\n\n\nRevenues amounted to $13.2 million compared with $13.6 million for the\n same quarter of fiscal 2011.\n\n\nThe Corporation closed the quarter with a net income of $1.1 million or\n $0.03 per share (basic and diluted), compared with a net income of\n $2.0 million or $0.06 per share (basic and diluted) in the same period\n of fiscal 2011.\n\n\nAs at April 30, 2011, ADF's posted a cash surplus of more than $17\n million over its total debt of, representing a significant increase of\n 35% compared with January 31, 2011.\n\n\nOperating cash flows improved considerably, compared with the quarter\n ended on April 30, 2010, reaching $5.0 million during the first quarter\n of fiscal 2012.\n\n\n\nTERREBONNE, QC, June 15, 2011 /CNW Telbec/ - For the three-month period\n ended April 30, 2011, ADF GROUP INC. ("ADF" or the "Corporation") (TSX:\n DRX) revenues were comparable to those for the same period of the\n previous year, and even posted a slight increase notwithstanding the\n increase in relative value of more than 5% of the Canadian dollar\n against the U.S. dollar between the two reporting periods. Revenues\n thus amounted to $13.2 million for the first quarter of the current...