Business
GENIVAR REPORTS FOURTH QUARTER AND YEAR 2010 RESULTS AND DECLARES A DIVIDEND OF $0.375 PER SHARE
Mar. 16, 2011 (Canada NewsWire Group) -- MONTREAL, March 16 /CNW Telbec/ - GENIVAR Inc. (TSX:...
About this update from Wsp Global Inc
[{"type":"text","content":"\n\n\n Mar. 16, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, March 16 /CNW Telbec/ - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or\n the "Corporation"), formerly GENIVAR Income Fund (the "Fund"), today\n announced its financial and operating results for the fourth quarter\n and year-end 2010. The fourth quarter results cover the period from\n October 3, 2010, to December 31, 2010.\n\n\nHIGHLIGHTS\n\n\n\nTotal revenues for the three months ended December 31, 2010, was $154.7\n million, compared to $135.0 million for the fourth quarter of 2009, an\n increase of 14.6%. For the same period, net revenues, expressed as\n revenues less direct costs for subconsultants and other direct expenses\n that are recoverable directly from the clients, amounted to $118.6\n million, which represents a 9.1% increase as compared to the quarter\n ended December 31, 2009.\n\n\nRevenues for the year ended December 31, 2010, were $580.4 million,\n compared to $477.9 million for 2009, which represents an increase of\n 21.4%. For the same period, net revenues amounted to $469.5 million, as\n compared to $395.3 million in 2009, an 18.8% increase. Of the total\n increases, organic growth amounted to 7.8% and 5.2% on revenues and net\n revenues respectively.\n\n\nFor the fourth quarter of 2010, EBITDA decreased to $19.7 million, from\n $21.0 million in the fourth quarter of 2009, a 6.1% decrease, largely\n due to the fewer number of working days during the quarter, to the\...