trending Market Intelligence /marketintelligence/en/news-insights/trending/-8MBETAblY8BLF1cUh106Q2 content esgSubNav
In This List

International Parkside Products swings to loss in fiscal Q3

The Cobalt Expansion Drive Is A Copper Story

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges


International Parkside Products swings to loss in fiscal Q3

International Parkside Products Inc. said its normalized net income for the fiscal third quarter ended April 30 amounted to a loss of C$96,680, compared with income of C$61,410 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 12.2% from 4.5% in the year-earlier period.

Total revenue declined 42.1% on an annual basis to C$795,130 from C$1.4 million, and total operating expenses fell 23.5% from the prior-year period to C$990,330 from C$1.3 million.

Reported net income came to a loss of C$154,690, or a loss of 1 cents per share, compared to income of C$98,250, or 1 cents per share, in the prior-year period.