Day: November 4, 2021

Tucows Reports Financial Results for Third Quarter 2021

Tucows Reports Financial Results for Third Quarter 2021

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of Fiber Internet Services, Mobile Services, Domain Name Services and other Internet services, today reported its financial results for the third quarter ended September 30, 2021. All figures are in U.S. dollars. COVID-19:   Tucows shareholders and prospective investors are encouraged to read Tucows’ public statement regarding COVID-19, which is available here: https://bit.ly/2LavpOc. Note on the Financial Impact of Tucows’ Sale of Ting Mobile Customer Relationships and Transition to Mobile Services Enabler Platform: As previously announced, effective August 1, 2020 most of Tucows’ mobile customers relationships were sold to DISH Networks (“DISH”) as part of Tucows’ transition of its mobile business to a Mobile Services Enabler (MSE) model from...

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Toromont Announces Results for the Third Quarter of 2021 and Quarterly Dividend

Toromont Announces Results for the Third Quarter of 2021 and Quarterly Dividend

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Toromont Industries Ltd. (TSX: TIH) reported its financial results for the third quarter ended September 30, 2021.   Three months ended September 30   Nine months ended September 30 millions, except per share amounts   2021   2020 % change     2021   2020 % change                 Revenues $ 997.2 $ 921.7 8 %   $ 2,930.5 $ 2,486.7 18 % Operating income $ 134.4 $ 112.9 19 %   $ 327.2 $ 245.3 33 % Net earnings $ 93.8 $ 77.4 21 %   $ 227.1 $ 166.0 37 % Basic earnings per share (“EPS”) $ 1.13 $ 0.94 20 %   $ 2.75 $ 2.02 36 % “We are pleased with our operating performance, financial results, cash generation and financial position through a challenging business environment. Overall end market activity levels remained solid with the easing of pandemic...

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Resverlogix Enters into a Cooperation Agreement with the Supreme Council of the Arab-African Economy to Support the Development of Apabetalone for COVID-19 Patients

Resverlogix Enters into a Cooperation Agreement with the Supreme Council of the Arab-African Economy to Support the Development of Apabetalone for COVID-19 Patients

This initiative will provide the necessary investments to advance first-in-class drug – apabetalone for the potential treatment of COVID-19 within the Arab-African Economy RESVERLOGIX ENTERS INTO A COOPERATION AGREEMENT WITH THE SUPREME COUNCIL OF THE ARAB-AFRICAN ECONOMY TO SUPPORT THE DEVELOPMENT OF APABETALONE FOR COVID-19 PATIENTS From left to right: Mr. Shazaad Mohammed – President of GCEI Consultants; His Excellency Dr. Hani Abu Zaid, President of the Supreme Council for the Arab-African Economy; Mr. Donald J. McCaffrey President & CEO Resverlogix Corp.; Mr. Winston Chin – President & CEO Holistic Wealth Management. CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — Resverlogix Corp. (“Resverlogix” or the “Company”) (TSX: RVX), a world leader in epigenetics or gene regulation, is...

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Triterras Granted Further Extension by Nasdaq to File 2021 Annual Report

Triterras Granted Further Extension by Nasdaq to File 2021 Annual Report

SINGAPORE, Nov. 04, 2021 (GLOBE NEWSWIRE) — Triterras Inc. (NasdaqGM: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company focused on trade and trade finance, today announced that the Company received notice from the Listing Qualifications Department of the NASDAQ Stock Market (“Nasdaq”) that the Company’s request for a further extension to regain compliance with the Nasdaq Listing Rules has been granted. As a result of the further extension, the Company will have until December 1, 2021 to file its Annual Report on Form 20-F for the fiscal year ended February 28, 2021 (the “2021 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”) in order to regain compliance with Nasdaq Listing Rules. As previously disclosed, Triterras is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it...

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Trisura Group Reports Third Quarter 2021 Results

Trisura Group Reports Third Quarter 2021 Results

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance provider, today announced financial results for the third quarter of 2021. David Clare, President and CEO of Trisura, stated, “Our business performed very well in the quarter, recording earnings of $16.1 million, an increase of 145.7% over last year. Continued growth and strong underwriting, supported by investment gains, generated a 20.4% return on equity, despite the early stage of several new initiatives. Expansion of market share, maturation of our platform and new products drove premium growth of 68.9% over 2020. In Canada, focused and specialized underwriting resulted in a 79.3% combined ratio. Our US business bound a record $260.5 million of gross premiums in the quarter, supporting...

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Paul Mueller Company Declares Quarterly Cash Dividend

Paul Mueller Company Declares Quarterly Cash Dividend

SPRINGFIELD, Mo., Nov. 04, 2021 (GLOBE NEWSWIRE) — Paul Mueller Company (OTC: MUEL) today announced that its Board of Directors has declared a cash dividend of 15 cents ($0.15) per share on its outstanding common stock. The action was taken November 4, 2021 at a special meeting of the Board of Directors. The dividend of 15 cents ($0.15) per share is payable on December 22, 2021 to shareholders of record on November 19, 2021. Press Contact: Ken Jeffries | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9346 kjeffries@paulmueller.com | https://paulmueller.com

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AGF Reports October 2021 Assets Under Management and Fee-Earning Assets

AGF Reports October 2021 Assets Under Management and Fee-Earning Assets

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $42.4 billion as at October 31, 2021. AUM ($ billions) October 31, 2021 September 30,2021 % ChangeMonth-Over-Month October 31, 2020 % Change Year-Over-Year Total Mutual Fund (including retail pooled funds) $23.8 $23.2   $18.9   Institutional and Sub-advisory  + High-net-worth + Exchange-traded funds $16.4 $16.1   $14.6   Subtotal (before Private Alternative AUM and fee-earning assets1) $40.2 $39.3   $33.5   Private Alternative AUM2 $0.1 $0.1   $0.2   Total AUM2 $40.3 $39.4 2.3% $33.7 19.6% Private Alternative fee-earning assets1,2 $2.1 $2.1   $2.1   Total AUM and fee-earning assets1 $42.4 $41.5 2.2% $35.8 18.4%             Average Daily Mutual Fund AUM $23.6 $23.7   $19.3   1 Fee-earning...

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Fairfax Financial Holdings Limited: Financial Results for the Third Quarter

Fairfax Financial Holdings Limited: Financial Results for the Third Quarter

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — (Note:  All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board except as otherwise noted, and are unaudited.) Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $462.4 million ($16.44 net earnings per diluted share after payment of preferred share dividends) in the third quarter of 2021 compared to net earnings of $133.7 million ($4.44 net earnings per diluted share after payment of preferred share dividends) in the third quarter of 2020. Book value per basic share at September 30, 2021 was...

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Martinrea International Inc. Reports Third-Quarter Results,  Declares Dividend, and Expresses Confidence in 2023 Outlook

Martinrea International Inc. Reports Third-Quarter Results, Declares Dividend, and Expresses Confidence in 2023 Outlook

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2021 and declared a quarterly cash dividend of $0.05 per share. HIGHLIGHTS Total sales of $848.5 million, down 12.6% year-over-year; production sales of $797.2 million Third quarter diluted net loss per share and Adjusted Net Loss per Share(1) of $0.21 Third quarter Adjusted EBITDA(1) of $44.9 million Third quarter results impacted by the global semiconductor shortage and other supply chain issues, sales mix, cost inflation in materials, labour and energy, and costs related to...

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Interfor Reports Q3’21 Results and Announces Renewal of Share Buyback Program

Interfor Reports Q3’21 Results and Announces Renewal of Share Buyback Program

EBITDA1 of $94 million on Sales of $664 millionNet Cash Position with Available Liquidity of $836 million BURNABY, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded Net earnings in Q3’21 of $65.6 million, or $1.05 per share, compared to $419.2 million, or $6.45 per share in Q2’21 and $121.6 million, or $1.81 per share in Q3’20. Adjusted net earnings in Q3’21 were $46.7 million compared to $433.5 million in Q2’21 and $140.0 million in Q3’20. Adjusted EBITDA was $93.9 million on sales of $664.3 million in Q3’21 versus $611.3 million on sales of $1.1 billion in Q2’21.   Notable items in the quarter: • Record Production and Shipments Total lumber production in Q3’21 was 731 million board feet, representing an increase of 15 million board feet quarter-over-quarter...

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