CanaDream Posts Increased Sales for 9 Months
Canadian RV rental firm CanaDream Corp. reported an 8% increase in sales for the nine months ending Jan. 31.
Revenues for the nine months were $22.8 million while cash flow from operations of $10.3 million (52 cents per share) is 15% higher than the prior period.
CanaDream recorded operating profit of $4.9 million during the period. Net and comprehensive income was $3.1 million, a 16% increase from the prior period of $2.6 million. On a fully diluted basis, earnings per share increased 2.2 cents, or 17%.
Fleet sales revenue increased $1.4 million, or 30%, and rental revenue increased 2% to $291,000 over the prior period. Operating expenses increased 10% to $1.6 million and, as a result, operating profit of $4.9 million rose 4% to $175,000.
As of Jan. 31, investment in rental fleet was $24.8 million.
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