trending Market Intelligence /marketintelligence/en/news-insights/trending/0OZjt20VL0yMLppvS1W0qg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Leading Brands swings to loss in fiscal Q1

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity


Leading Brands swings to loss in fiscal Q1

Leading Brands Inc. said its normalized net income for the fiscal first quarter ended May 31 was a loss of 10 Canadian cents per share, compared with 5 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$297,320, compared with income of C$155,400 in the prior-year period.

The normalized profit margin fell to negative 9.6% from 4.1% in the year-earlier period.

Total revenue declined 18.0% on an annual basis to C$3.1 million from C$3.8 million, and total operating expenses totaled C$3.5 million, compared with C$3.5 million in the year-earlier period.

Reported net income totaled a loss of C$410,770, or a loss of 14 cents per share, compared to income of C$192,360, or 6 cents per share, in the prior-year period.