WINNIPEG, April 28, 2015 – Empire Industries Ltd. (TSX-V: EIL) today reported its audited consolidated financial results for the year ended December 31, 2014. The audited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at www.sedar.com or at www.empind.com.
Summary of 2014 annual results
- Revenues increased by 20%
- up $23.4 million to $141.2 million (from $117.8 million in 2013)
- Adjusted EBITDA increased by 27%
- up $1.7 million to $8.0 million (from $6.3 million in 2013)
- Net Income increased by 39%
- up $1.7 million to $6.1 million (from $4.4 million in 2013).
- Per Share Net Income (Basic) was $0.024 in 2014 (from $0.02 in 2013)
- Backlog of $155 million, up from $93 million at of the Group’s third quarter report;
“I am particularly pleased to announce the financial results for 2014. What was most noticeable in 2014 was the diversity of our profit from our three business units and the strengthening backlog in our media based attractions unit,” said Guy Nelson, CEO of Empire Industries. “There are storm clouds in Western Canada but the strategic investments we have been making over the past few years are starting to pay off and we expect this trend to continue.”
