WINNIPEG, MANITOBA — (Marketwire) — 12/10/12 — 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:
Gendis Inc.
Notes to the unaudited Condensed Interim Financial Statements
October 31, 2012
(All tabular amounts in thousands of Canadian dollars unless otherwise stated)
Contacts:
Gendis Inc.
James E. Cohen
President & Chief Executive Officer
(204)474-5200
(204)474-5201 (FAX)