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CanaDream Posts Increased Sales for 9 Months

March 16, 2012 by · Leave a Comment 

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.

To view the entire report click here.

 

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CanaDream Posts Rise in 6-Month Sales, Profits

December 8, 2011 by · Leave a Comment 

Calgary, Alberta, Canada-based RV rental firm CanaDream Corp. today (Dec. 8) reported  increases in sales and net income for the six months, ended Oct. 31.

Revenues for the period were $20.9 million, 6% higher than the prior year. CanaDream recorded operating profit of $7.5 million while net income was $5.2 million, representing a 10% increase from the year prior period of $4.7 million. On a fully diluted basis, earnings per share increased 2.5 cents, or 11%.

Fleet sales revenue increased $943,000, or 26%; rental revenue increased $277,000, or 2%, over the prior period; and operating expenses increased $1.0 million, or 8%. As a result, operating profit of $7.5 million increased $196,000, or 3%.

As of Oct. 31 investment in rental fleet was $32.3 million, an increase of $7.5 million from April 30, primarily due to fleet purchases in the first quarter of $10.8 million. The investment in fleet inventory available for sale was $3.0 million at Oct. 31, 2011, a decrease of $2.0 million from April 30 year-end levels due to unit sales. Fleet and other financing increased $3.9 million, or 16%, to $28.2 million from April 30.

The company noted that its core business, promoting tourism in Canada through the recreational vehicle experience, is seasonal in nature with the majority of its revenue being earned during the May to October period, the first and second quarters of its fiscal year. The majority of the company’s direct expenses are incurred in that same period.

To view the entire report click here.

 

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CanaDream Motors to 21% Jump in 1Q Profits

October 13, 2011 by · Leave a Comment 

CanaDream Corp. posted double-digit increases in both revenue and profits in its fiscal 2011 first-quarter, the renter of recreational vehicles said today.

The Alberta-based company, which also sells its used fleet vehicles into both the wholesale and retail markets, reported net income of $2.6 million or 13 cents per share for the three months ended July 31.

That represented a more than 20% increase over the $2.1 million or 10.6 cents per share it earned in the same 2010 quarter.

Revenue was $10.8 million, up 12% from $9.6 million in the prior-year period.

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