Brief: Storagevault Reports 2020 First Quarter Results And Increases Dividend

Storagevault Canada

15/05/2020 12:22

May 15 (Reuters) - Storagevault Canada Inc  SVI.V :
    * STORAGEVAULT REPORTS 2020 FIRST QUARTER RESULTS AND
INCREASES
DIVIDEND
    * Q1 REVENUE C$35.8 MILLION
    * INCREASING QTRLY DIVIDEND BY 0.5% BEGINNING Q2 TO
$0.002680 PER
COMMON SHARE
    * STORAGEVAULT CANADA - Q1 2020 NET LOSS OF $8.4 MILLION
(NET LOSS
OF $8.8 MILLION FOR Q1 2019)
    * ELECTED TO POSTPONE AUCTIONS AND RATE INCREASES TO
EXISTING
CUSTOMERS BEGINNING IN MID-MARCH
    * AS AT MARCH 31, 2020, WE HAVE $14.3 MILLION IN CASH, $65.0
MILLION OF CREDIT AVAILABILITY

Source text for Eikon:  ID:nGNX3kP9Q6 
Further company coverage:  SVI.V 

 ((Reuters.Briefs@thomsonreuters.com;))