trending Market Intelligence /marketintelligence/en/news-insights/trending/XCGqQEMdOM3BudXqeyEuOg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

TWC Enterprises Q4 loss widens 9.0% YOY

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021

Blog

Banking Essentials Newsletter: May Edition


TWC Enterprises Q4 loss widens 9.0% YOY

TWC Enterprises Ltd. said its normalized net income for the fourth quarter came to a loss of 23 Canadian cents per share, compared with a loss of 21 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$6.4 million, compared with a loss of C$5.9 million in the year-earlier period.

The normalized profit margin fell to negative 19.8% from negative 18.4% in the year-earlier period.

Total revenue climbed 5.1% year over year to C$33.8 million from C$32.1 million, and total operating expenses climbed 5.0% from the prior-year period to C$37.5 million from C$35.7 million.

Reported net income came to a loss of C$10.8 million, or a loss of 39 cents per share, compared to a loss of C$8.1 million, or a loss of 29 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 30 cents per share, a gain of 43.5% from 21 cents per share in the prior year.

Normalized net income was C$8.2 million, an increase of 44.1% from C$5.7 million in the prior year.

Full-year total revenue rose 6.7% year over year to C$227.3 million from C$213.1 million, and total operating expenses grew on an annual basis to C$190.3 million from C$181.5 million.

The company said reported net income rose 22.9% on an annual basis to C$4.3 million, or 16 cents per share, in the full year, from C$3.5 million, or 13 cents per share.