Business
Decisive Dividend Corporation Reports Financial Results for the Three and Six Months Ended June 30, 2021 and Announces Monthly Dividend Increase
(TheNewswire) Click Image To View Full Size August 12, ...
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, 2021 and Announces Monthly Dividend Increase\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n August 12, 2021 -\n \n \n TheNewswire\n \n \n – Kelowna, British Columbia:\n \n \n Decisive Dividend Corporation (TSXV:DE) (the “Company”\nor “Decisive”)\n \n \n today reported\n \n \n its\n \n \n financial results for the three and\nsix months ended June 30, 2021.\n \n \n \n \n Along with the release of its earnings, the Company is\npleased to announce an increase in its monthly dividend to $0.025 per\nshare.\n \n \n The increased monthly dividend\n \n \n represents\n \n \n annualized\n \n \n dividends of $0.30\n \n \n per\nshare\n \n \n , up from the previous level set at\n \n \n $0.24\n \n \n per share on an\nannualized basis.\n \n \n \n \n Highlights of the Company’s financial performance in\nQ2 2021 include the following:\n \n \n \n \n \n \n - Consolidated sales increased 60% to $14.2 million in\nQ2 2021 compared to $8.9 million in Q2 2020.\n \n \n \n \n - The quarterly sales increase brings first half\nconsolidated sales to $28.1 million, an increase of $6.3 million, or\n29%, relative to the first half of 2020.\n \n \n \n \n - Generated\n \n \n $2.6 million in\nAdjusted EBITDA*\n \n \n in Q2 2021,\n \n \n an\n \n \n increase of 30% relative to\n \n \n Q2 2020\n \n \n .\n \n \n \n \n - First half 2021\n \n \n Adjusted\nEBITDA* of $4.7 million represents a 30% increase compared to the\nfirst half of 2020\n \n \n .\n \n \n \n \n - Invested $0.9 million in the first half of 2021\n \n \n toward equipment that increases production\ncapacity and improves operational efficiency.\n \n \n \n \n \n \n \n \n Selected\n \n \n Financial Highlights:\n \n \n \n \n The following are selected financial highlights of\nDecisive\n \n \n for the three and six months ended\n \n \n June 30, 2021\n \n \n . All amounts\nare expressed in Canadian dollars. The Company’s\n \n \n unaudited interim condensed consolidated financial statements\nas well as its management’s discussion and analysis\n(“MD&A”)\n \n \n are posted on SEDAR and on\nDecisive’s website (\n \n \n \n \n www.decisivedividend.com\n \n \n \n \n ).\...