Earlier this week, the Great Canadian Gaming Corporation announced its financial results for both the three-month period (the ‘fourth quarter’) and 12-month period (‘2014’) which ended December 31, 2014.
The corporation’s release states that the company reported revenues of $115.7 million in the fourth quarter and $446.5 million for the full year, increases of 14 per cent and 10 per cent, respectively, when compared to same periods in the prior year.
The company reported EBITDA(1) of $47.0 million in the fourth quarter and $180.1 million for the year, increases of 34 per cent and 20 per cent, respectively, when compared to the same periods in the prior year.
The GCGC announcement states that the company saw net earnings of $21.6 million in the fourth quarter and $78.4 million for the year; and that it also saw adjusted net earnings(1) of $22.0 million in the fourth quarter and $75.2 million for the year.
(Amounts presented in millions of Canadian dollars, except for per share information)
((1) EBITDA and adjusted net earnings are non-IFRS measures as described in the disclaimer section of this press release. A reconciliation between net earnings and adjusted net earnings is included on page 6 of this press release.)
To read the GCGC press release in its entirety, click here.
(With files from GCGC)