Brief: ADF Group Reports Q1 Loss Per Share Of C$0.03

Adf

13/06/2018 12:12

June 13 (Reuters) - Adf Group Inc  DRX.TO :
    * Q1 REVENUE C$28.5 MILLION VERSUS C$48.6 MILLION
    * Q1 LOSS PER SHARE C$0.03
    * ADF GROUP- WORK-SHARING PROGRAM CAME INTO EFFECT JUNE 11,
TO
ALLOW SOME EMPLOYEES TO GET EMPLOYMENT INSURANCE BENEFITS TO
MAKE UP FOR REDUCED WORK HOURS
    * CORPORATION AND ITS UNION EMPLOYEES REACHED AN AGREEMENT
TO PUT
WORK-SHARING PROGRAM IN PLACE
    * ABOUT 120 EMPLOYEES TO HAVE THEIR WORKING HOURS REDUCED
FROM 40%
TO 60%, THESE HOURS TO BE COMPENSATED BY GOVERNMENT PROGRAM
    * ORDER BACKLOG REACHED $158.7 MILLION AS AT APRIL 30, 2018,
WHICH
IS $73 MILLION MORE THAN AS AT JANUARY 31, 2018
    * CURRENT ORDER BACKLOG WILL EXTEND UNTIL Q3 OF FISCAL YEAR
ENDING
JANUARY 31, 2020

Source text for Eikon:  ID:nCNWHNp42a 
Further company coverage:  DRX.TO 

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