Top

22nd Quarter of Consecutive Growth for iWeb

August 21, 2009 by · Comments Off on 22nd Quarter of Consecutive Growth for iWeb 

iWeb.comWeb Hosting ToolsMONTREAL, QUEBEC – iWeb (TSX-V : IWB), a global provider of Internet hosting services and IT infrastructure, today released its financial results for the quarter ended June 30, 2009. The complete interim financial statements and management report of the Company are available on the websites www.sedar.com and investors.iweb.com.

Third quarter highlights:

* 75 % revenue growth, totaling 7,2 M$ in the third quarter of 2009, from 4.1 M$ for the same period in 2008
* Operating income 11 times greater than same quarter in 2008; 231,000 $ compared to 21,000 $ 1 year earlier
* EBITDA (adjusted EBITDA) remains steady at 1,9 M$ for 2009; 26,4 % of revenues
* Net profit of 1,023,000 $, mostly attributable to the additional unrealized theoretical exchange gained on long-term debt in U.S. dollars

Read more

Bottom