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1ST HALF: RIDLEY'S SALES UP 10%, NET INCOME RISES 151%.
Mar. 11, 2013
Source: Ridley, Inc. news release
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Ridley Inc.(TSX: RCL)today reported its financial results for the three and six months ended December 31, 2012. All currency amounts are stated in U.S. dollars unless otherwise noted.
For the three months ended December 31, 2012, Ridley's earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations were $10.9 million compared to $7.9 million last year. Net income from continuing operations (net of income tax expense) for the period was $5.9 million (earnings per share of $0.46)compared to $3.8 million (earnings per share of $0.30)last year. Consolidated net income for the period (after income taxes)was $6.6 million ($0.51 per share) compared to $4.0 million ($0.31 per share) last year.
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