04) Defferentiate between colabor
violation and revolution?
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Colabor Group Reports Results for the Fourth Quarter and Fiscal 2019
February 26, 2020 17:00 ET | Source: Colabor Group Inc.
multilang-release
BOUCHERVILLE, Quebec, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) reports its results for the fourth quarter and the fiscal year ended December 28, 2019.
Fourth Quarter 2019 Financial Highlights:
Increase in net earnings from continuing operations to $0.6 million compared to $(1.9) million for the corresponding period of 2018;
Improvement of the adjusted EBITDA margin(1) to 1.7% of sales, compared to 1.6% in the corresponding period of 2018.
Fiscal 2019 Financial Highlights:
Increase in net earnings from continuing operations to $0.7 million compared to $(4.9) million for the corresponding period of 2018;
Improvement of 17.3% for the adjusted EBITDA(1) to $19.0 million or 1.8% of sales, compared to $16.2 million or 1.5% of sales for the corresponding period of 2018;
Increase in cash flow from operating activities to $22.0 million compared to $14.2 million in the corresponding period of 2018;
Decrease of net debt(2) to $72.1 million, compared to $101.8 million, bringing the financial leverage ratio(3) to 3.8 as at December 28, 2019, a significant improvement from 6.3 a year prior.