Prevention of the Avoidance of Income Tax Act

Altus Group Reports Q2 2023 Financial Results and Quarterly Dividend

Retrieved on: 
Thursday, August 10, 2023
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Analytics revenues increased to $99.7 million, up 21.4% (15.5% on a Constant Currency basis).

Key Points: 
  • Analytics revenues increased to $99.7 million, up 21.4% (15.5% on a Constant Currency basis).
  • Sequentially, Recurring Revenue increased 4.1% from $85.3 million in the first quarter of 2023.
  • Altus Group’s Board of Directors approved the payment of a cash dividend of $0.15 per common share for the third quarter ending September 30, 2023, with payment to be made on October 16, 2023 to common shareholders of record as at September 30, 2023.
  • Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company.

Stingray Reports First Quarter Results for Fiscal 2024

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Tuesday, August 8, 2023
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Reporting on first quarter results, Stingray's President, co-founder and CEO Eric Boyko stated:

Key Points: 
  • Reporting on first quarter results, Stingray's President, co-founder and CEO Eric Boyko stated:
    “In the first quarter of 2024, we delivered robust adjusted EBITDA of $28.3 million, representing 35.8% of sales, thanks to cost-saving initiatives implemented over the past year.
  • Revenues increased $0.9 million, or 1.1%, to $79.0 million in Q1 2024 from $78.1 million in Q1 2023.
  • Revenues in Other countries improved $0.2 million, or 2.1%, to $12.6 million in Q1 2024 from $12.4 million in Q1 2023.
  • On June 28, 2023, the Corporation announced the launch of free ad-supported TV channels (FAST channels) Stingray Music, Stingray Naturescape, Qello Concerts, Stingray Karaoke, Stingray Classica, Stingray DJAZZ and Stingray CMusic on VIDAA, the leading smart TV OS powering Hisense, Toshiba, and other leading regional OEM brands.

Stingray Reports Fourth Quarter and Full Year Results for Fiscal 2023

Retrieved on: 
Tuesday, June 6, 2023
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MONTREAL, June 06, 2023 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”), a leading distributor of audio and video music brands in the world, today announced its financial results for the fourth quarter and fiscal year ended March 31, 2023.

Key Points: 
  • Revenues in the fourth quarter increased $6.3 million, or 8.7%, to $78.9 million from $72.6 million in the fourth quarter of 2022.
  • Broadcasting and Commercial Music revenues in the fourth quarter of 2023 increased $4.4 million, or 9.8%, to $50.0 million from $45.6 million in the fourth quarter of 2022.
  • Adjusted EBITDA in the fourth quarter of 2023 increased $5.6 million, or 26.4%, to $26.6 million from $21.0 million in the fourth quarter of 2022.
  • Cash flow generated from operating activities amounted to $27.6 million in the fourth quarter of 2023 compared to $22.1 million in the fourth quarter of 2022.

Tricon Delivers Solid Q1 2023 Results and Reiterates Full-Year Guidance

Retrieved on: 
Tuesday, May 9, 2023
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The Company expanded its single-family rental portfolio by acquiring 409 homes during the quarter, bringing its total managed portfolio to 36,525 homes.

Key Points: 
  • The Company expanded its single-family rental portfolio by acquiring 409 homes during the quarter, bringing its total managed portfolio to 36,525 homes.
  • Construction at The Ivy and Maple House (West Don Lands - Block 8) continued to progress, with first occupancy anticipated in Q3 2023.
  • Tricon's liquidity consists of a $500 million corporate credit facility with approximately $462 million of undrawn capacity as at March 31, 2023.
  • The Company has also made available on its website supplemental information for the three months ended March 31, 2023.

Supremex Announces Solid Q4 2022 Results and Raises Quarterly Dividend by 16.7%

Retrieved on: 
Thursday, February 23, 2023
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Packaging & specialty products represented 22.9% of the Company’s revenue in the quarter, compared to 29.5% during the equivalent period of last year.

Key Points: 
  • Packaging & specialty products represented 22.9% of the Company’s revenue in the quarter, compared to 29.5% during the equivalent period of last year.
  • This dividend is designated as an “eligible” dividend for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.
  • Driven by solid demand for its products and a robust backlog, Supremex is operating at high-capacity levels given its current labour force.
  • In terms of capital deployment for 2023, the Company expects to invest in capital expenditures and continue paying quarterly dividends.