trending Market Intelligence /marketintelligence/en/news-insights/trending/Ywi9BN-yoQaPuIp-U4xCeg2 content esgSubNav
In This List

CIBT Education swings to profit in fiscal Q1

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


CIBT Education swings to profit in fiscal Q1

CIBT Education Group Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to C$372,470, compared with a loss of C$452,360 in the prior-year period.

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

The normalized profit margin increased to 4.0% from negative 6.3% in the year-earlier period.

Total revenue rose 31.4% on an annual basis to C$9.4 million from C$7.1 million, and total operating expenses increased 11.2% year over year to C$8.8 million from C$7.9 million.

Reported net income totaled C$691,900, or 1 cents per share, compared to a loss of C$645,820, or a loss of 1 cents per share, in the year-earlier period.