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ERILF..Empire Industries Reports 2014 Profit of $6.1 million...

Summary of 2014 annual results
Revenues increased by 20%
up $23.4 million to $141.2 million (from $117.8 million in 2013)
Adjusted EBITDA increased by 27%
up $1.7 million to $8.0 million (from $6.3 million in 2013)
Net Income increased by 39%
up $1.7 million to $6.1 million (from $4.4 million in 2013).
Per Share Net Income (Basic) was $0.024 in 2014 (from $0.02 in 2013)
Backlog of $155 million, up from $93 million at of the Group’s third quarter report;

“I am particularly pleased to announce the financial results for 2014. What was most noticeable in 2014 was the diversity of our profit from our three business units and the strengthening backlog in our media based attractions unit,” said Guy Nelson, CEO of Empire Industries. “There are storm clouds in Western Canada but the strategic investments we have been making over the past few years are starting to pay off and we expect this trend to continue.”

About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, media based attractions market. The company also manufactures and sells hydrovac trucks and also provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

http://www.empind.com/news/empire-industries-reports-2014-profit-of-61-million

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