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CIBT Reports Financial Results for Second Quarter of Fiscal 2020
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - CIBT Education Group Inc. (TS...
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[{"type":"text","content":"CIBT Reports Financial Results for Second Quarter of Fiscal 2020Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) (\"CIBT\" or the \"Company\") is pleased to report that it has filed on SEDAR its consolidated financial statements and related management's discussion and analysis for its second quarter of fiscal 2020 ending February 29, 2020 (collectively, the \"Q2 Filing\"). The following is selected financial information for the second quarter of fiscal 2020 ended February 29, 2020 (\"Q2 2020\") and comparative results. Please refer to the Q2 Filing in its entirety, which is available under CIBT's profile at www.sedar.com. All figures are in thousands of Canadian dollars except share and per share data unless otherwise noted.   Six months ended February 29, 2020   Six months ended February 28, 2019   Dollarchange   Percentage change   Total revenues $ 32,911   $ 32,621   $ 290     1%   Educational revenues - SSCC $ 18,651   $ 16,931   $ 1,720     10%   Educational revenues - SSLC / VIC $ 5,156   $ 5,958   $ (802 )   (13)%   Educational revenues - CIBT China $ 1,455   $ 1,486   $ (31 )   (2)%   Design and advertising revenues - IRIX $ 522   $ 461   $ 61     13%   Commissions and referral fees - GEA $ 166   $ 424   $ (258 )   (61)%   Rental revenues - GECH $ 6,408   $ 5,589   $ 819     15%   Development fees - GECH and Corporate $ 553   $ 1,772   $ (1,219 )   (69)%   Other operating expenses $ 16,215   $ 17,491   $ (1,276 )   (7)%   Finance costs $ 4,030   $ 3,313   $ 717     22%   Gain on change in fair value of investment properties $ 6,173   $ 8,100   $ (1,927 )   (24)%   Other income (expense), net $ (320 ) $ 106   $ (426 )   (402)%   Income before income taxes $ 4,517   $ 5,700   $ (1,183 )   (21)%   Net income $ 4,359   $ 5,394   $ (1,035 )   (19)%   Income per share - CIBT shareholders - basic $ 0.05   $ 0.01   $ 0.04     400%   Income per share - CIBT shareholders - diluted $ 0.05   $ 0.01   $ 0.04  ...