Canlan Ice Sports Q1 Earnings Rise on Higher Revenue
Canlan Ice Sports (ICE.TO) first-quarter earnings and revenue were boosted by pricing and volume increases, the company said on Thursday.The company earned $4.6 million or $0.34 per share, in the quarter, up from $4.2 million, or $0.32, in the year-prior period.Operating revenue rose to $29.4 million, up 4.9% from $27.9 million last year. The rise in revenue was mainly due to pricing and volume increases in third-party surface rentals, adult and youth hockey leagues and youth soccer leagues. Pricing and incremental facility traffic also resulted in a 6.3% or $0.3 million rise in food and beverage sales, a statement said.Canlan Ice will pay a regular quarterly dividend of $0.03 per share on July 15, to shareholders of record on June 30.Canlan ice shares were last seen up $0.09 to $4.10 on the Toronto Stock Exchange.Price: $4.09, Change: $+0.08, Percent Change: +2.00%
