December 10, 2012 18:25 ET
WINNIPEG, MANITOBA--(Marketwire - Dec. 10, 2012) - Gendis Inc. (TSX:GDS) today announced its financial results for the 3rd quarter ended October 31, 2012 of the fiscal year ending January 31, 2013.
Revenue for the 3rd quarter was $1,431,000 compared to $1,419,000 for last year's 3rd quarter. Net loss for the 3rd quarter was $791,000 ($0.06 per share) compared to a profit of $3,015,000 ($0.21 per share) for last year's 3rd quarter.
Revenue year-to-date was $4,471,000 compared to $4,517,000 last year. Net loss year-to-date was $8,300,000 ($0.60 per share) compared to a loss of $671,000 ($0.05 per share) for last year.
Lease rental revenue increased marginally while investment income was essentially even quarter over quarter and year-to-date. The decrease in earnings is primarily due to the change in fair value for equity investments and investment properties quarter over quarter and year-to-date.
Condensed summarized information is as follows:
Notes to the unaudited Condensed Interim Financial Statements
October 31, 2012
(All tabular amounts in thousands of Canadian dollars unless otherwise stated)
During the period November 1, 2012 to December 10, 2012, the Company purchased 1-million shares of Input Capital Corp., a private company, for $1-million.
Gendis Inc.James E. CohenPresident & Chief Executive Officer(204)474-5200(204)474-5201 (FAX)email@example.com
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