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MTY reports earnings for its 2015 fiscal period

MTY reports earnings for its 2015 fiscal period MTY reports earnings for its 2015 ...

articleMty Food Group Inc.February 15, 20165/company/mty-food-group-inc/news/mty-reports-earnings-for-its-2015-fiscal-period
MTY reports earnings for its 2015 fiscal period

About this update from Mty Food Group Inc.

[{"type":"text","content":"\n\n\n\nMTY reports earnings for its 2015 fiscal period\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen2{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen3{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.83em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen5{\nBORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n\n\n\n\n\n\nMTY reports earnings for its 2015 fiscal period\nCanada NewsWire\nMONTREAL, Feb. 15, 2016\n\n\n\nTSX Trading Symbol: \"MTY\"\n\n\n\nMONTREAL, Feb. 15, 2016 /CNW Telbec/ - MTY Food Group Inc. (\"MTY\" or the \"Company\") (TSX: MTY), franchisor and operator of multiple concepts of quick and casual service restaurants, reports today the results of its operations for the fourth quarter and fiscal year ended November 30, 2015.\n\nHighlights of the fourth quarter and fiscal year:\n\n\nRevenues grew 26%, to $145.2 million during the year. \nEBITDA reached $50.7 million for the fiscal year and $13.5 million for the fourth quarter, up 19% and 20% respectively over the same period last year. \nNet income was impacted adversely by a non-recurring impairment charge on the intangible assets related to two of the Company's brands, Extreme Pita and Croissant Plus. \nDespite the $8.1 million in impairment charges, net income attributable to shareholders for the year progres...

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