Business
Decisive Dividend Corporation Reports Financial Results for the Three and Six Months Ended June 30, 2019
(via TheNewswire) Kelowna, British Columbia - TheNewswire - August 22, 20...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the Three and Six Months Ended June 30, 2019(via TheNewswire)\n \n \nKelowna, British Columbia - TheNewswire - August 22, 2019: Decisive Dividend Corporation (TSXV:DE) (the \"Company\" or \"Decisive\") reported its financial results for the three and six months ended June 30, 2019. All amounts are expressed in Canadian dollars. The Company's unaudited interim condensed consolidated financial statements as well as its management's discussion and analysis (\"MD&A\") are posted on SEDAR and on Decisive's website.\n\n \n \nJames Paterson, Chief Executive Officer of Decisive, noted:\n\n \n \n\"The second quarter and year-to-date increases in sales, gross profit and adjusted EBITDA, relative to last year, demonstrates the increased scale and diversity of the Group after the additions of Slimline and Hawk just over a year ago. Having just closed our fifth acquisition, we are excited about the added strength and diversity bringing another solid manufacturing company into the Group will provide. Equally exciting is the refinancing that was undertaken in conjunction with the Northside Industries acquisition. We believe that our new financing package will significantly increase Decisive's financial flexibility as we continue with our long-term strategy of acquiring successful manufacturing companies that provide steady and growing dividend payments to its shareholders.\" \n\n \n \nQ2 2019 Financial and Operating highlights:\n\n \n \n- Sales for the quarter ended June 30, 2019 were $11.1 million, up $5.8 million, or 109%, over the quarter ended June 30, 2018. \n\n\n \n- Gross profit for the quarter ended June 30, 2019 was $4.2 million, up $1.9 million, or 83%, over the quarter ended June 30, 2018. Gross profit percent declined to 37% for the quarter ended June 30, 2019, compared to 43% for the quarter ended June 30, 2018.\n\n\n \n- Adjusted EBITDA* for the quarter ended June 30, 2019, as defined in the Company's MD&A, was $1.6 million, a $1.1 million, or 237%, increase over the quarter ended June 30, 2018.\n\n\n \n- Profit for the quarter ended June 30, 2019 was $0.3 million, or $0.03 per share, compared to a loss of $0.3 million, or $0.04 per share for quarter ended June 30, 2018.\n\n\n \n- During the quarter, Decisive declared $1.0 million in dividends, compared to $0.7 m...