Mediagrif Interactive Technologies Inc. Announces Appointment of Lyne Groulx as Member of Board of Directors; Declares Quarterly Dividend, Payable on July 15, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014
June 10, 2014 at 05:41 pm EDT
Share
Mediagrif Interactive Technologies Inc. announced the appointment of Ms. Lyne Groulx as member of the Board of Directors of the company. Ms. Groulx is a member of the Ordre des conseillers en ressources humaines agréés and currently holds the position of Manager, Executive Search with Raymond Chabot Grant Thornton.
The Board of Directors of the company declared a quarterly dividend of CAD 0.10 per share payable on July 15, 2014, to shareholders of record on July 2, 2014.
The company reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported revenues of CAD 17,296,000 compared to CAD 15,009,000 a year ago. Adjusted EBITDA was CAD 6,767,000 compared to CAD 6,359,000 a year ago. Operating profit was CAD 4,671,000 compared to CAD 5,032,000 a year ago. Profit was CAD 3,968,000 or CAD 0.25 basic and diluted per share compared to CAD 3,436,000 or CAD 0.22 basic and diluted per share a year ago.
For the year, the company reported revenues of CAD 65,376,000 compared to CAD 60,711,000 a year ago. Adjusted EBITDA was CAD 24,331,000 compared to CAD 25,165,000 a year ago. Operating profit was CAD 17,091,000 compared to CAD 19,864,000 a year ago. Profit was CAD 12,711,000 or CAD 0.80 basic and diluted per share compared to CAD 13,973,000 or CAD 0.97 basic and diluted per share a year ago. Cash flows generated by operating activities reached CAD 22.2 million, compared to CAD 18.0 million in fiscal 2013.
mdf Commerce Inc. is a Canada-based company, which enables the flow of commerce by providing a set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. It offers procurement, ecommerce and emarketplace solutions. Its emarketplaces connect buyers and sellers across multiple industries and offer transactional platforms that are safe, secure and increase their business performance. The eprocurement solutions are designed to ensure the required flexibility to respond to the specific needs of its clients and to connect them with supplier networks across North America. The ecommerce solutions serve the needs of businesses of all sizes by providing platforms and services ranging from ERP-connected all-in-one ecommerce solutions to commerce platforms specifically built for complex commercial ecosystems. It operates in Canada, the United States, Ukraine and China.
Mediagrif Interactive Technologies Inc. Announces Appointment of Lyne Groulx as Member of Board of Directors; Declares Quarterly Dividend, Payable on July 15, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014