Business
Decisive Dividend Corporation Reports Financial Results for the Three Months Ended March 31, 2019
(via TheNewswire) May 30, 2019 / TheNewswire / Kelowna, British Columbia:...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the Three Months Ended March 31, 2019(via TheNewswire)\n \n \nMay 30, 2019 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the \"Company\" or \"Decisive\") reported its financial results for the three months ended March 31, 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 \"Overall sales in Decisive's first quarter increased significantly and Adjusted EBITDA more than doubled relative to Q1 of last year, despite the continuing negative impact of steel tariffs on Unicast's results and the effect of muted oil and gas activity on Hawk's revenue. The additions of Slimline and Hawk around this time last year drove much of the increases and positioned the Group to withstand the challenges that the organization faced in the quarter. We remain excited about the overall progress and direction of Decisive as a whole, we are confident in the long-term business prospects of each of our subsidiaries, and we continue to actively pursue further acquisitions that fit with our long-term strategy.\" \n\n \n \nQ1 2019 Financial and Operating highlights:\n\n \n \n\n\nSales for the quarter ended March 31, 2019 were $9.9 million, up $4.4 million, or 81%, over the quarter ended March 31, 2018. \n\n\n\nGross profit for the quarter ended March 31, 2019 was $3.8 million, up $1.5 million, or 66%, over the quarter ended March 31, 2018. Gross profit percent declined to 38% for the quarter ended March 31, 2019, compared to 41% for the quarter ended March 31, 2018.\n\n\n\nAdjusted EBITDA* for the quarter ended March 31, 2019, as defined in the Company's MD&A, was $0.8 million, a $0.4 million increase over the quarter ended March 31, 2018.\n\n\n\nThe loss for the quarter ended March 31, 2019 was $0.2 million, or $0.02 per share, compared to profit of $0.3 million, or $0.05 per share for quarter ended March 31, 2018.\n\n\n\nDuring the quarter, Decisive declared $1.0 million in dividends, compared to $0.6 million for the quarter ended March 31, 2018.\n\n\n\nDecisive ended the quarter with a str...