trending Market Intelligence /marketintelligence/en/news-insights/trending/-q0nQ33B6-IXn2X4j2Zyzg2 content esgSubNav
In This List

Ginger Beef swings to profit in Q1

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Discovery+ dives into a crowded US OTT video market

Case Study

An Investment Manager Discovers an Efficient Way to Identify Valuable Data

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings


Ginger Beef swings to profit in Q1

Ginger Beef Corp. said its first-quarter normalized net income was C$51,580, compared with a loss of C$16,290 in the prior-year period.

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

The normalized profit margin rose to 4.3% from negative 1.5% in the year-earlier period.

Total revenue grew 7.5% year over year to C$1.2 million from C$1.1 million, and total operating expenses fell from the prior-year period to C$1.2 million from C$1.2 million.

Reported net income totaled C$82,520, or 1 cents per share, compared to a loss of C$26,060, or a loss of 0 cents per share, in the prior-year period.