trending Market Intelligence /marketintelligence/en/news-insights/trending/jB05qe3YFr7aHO8YC2oC6g2 content esgSubNav
In This List

Imvescor Restaurant fiscal Q1 profit climbs 28.9% YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


Imvescor Restaurant fiscal Q1 profit climbs 28.9% YOY

Imvescor Restaurant Group Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 was 4 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

EPS rose 16.5% year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$2.4 million, an increase of 28.9% from C$1.8 million in the year-earlier period.

The normalized profit margin climbed to 18.5% from 16.7% in the year-earlier period.

Total revenue rose 30.4% on an annual basis to C$14.4 million from C$11.1 million, and total operating expenses grew 38.7% from the prior-year period to C$10.5 million from C$7.6 million.

Reported net income rose 84.4% year over year to C$2.9 million, or 5 cents per share, from C$1.6 million, or 3 cents per share.