Money Aphria reports $12.9-million Q3 profit

17:01  16 april  2018
17:01  16 april  2018 Source:   MSN

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reported its third quarter results, for the three and nine months ended February 28, 2017. third consecutive quarter with EBITDA greater than million . EBITDA of ,198,620 in the previous quarter. We have A Good Thing Growing. About Aphria .

Profitable quarter backed by approximately .7 million in revenue. LEAMINGTON, ONTARIO--(Marketwired - April 21, 2016) - Aphria Inc. (" Aphria " or the "Company") (TSX VENTURE:APH) today reported its financial results for the three and nine months ended February 29, 2016.

a group of people that are standing in the grass© Provided by thecanadianpress.com

LEAMINGTON, Ont. - Licensed medical marijuana producer Aphria Inc. reported a $12.9-million profit in its latest quarter, boosted by the sale of some of its shares in U.S. company Liberty Health Sciences.

The company says the profit amounted to eight cents per share for the quarter ended Feb. 28 compared with a profit of nearly $5 million or four cents per share a year ago when it had fewer shares outstanding.

Revenue in what was Aphria's third quarter totalled $10.3 million, up from $5.1 million in the same quarter last year.

Aphria signed a deal to sell part of its stake in Liberty Health Sciences earlier this year in a move to reduce its investments in the United States where cannabis remains illegal under federal law.

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Aphria Reports Results for Fiscal Q 3 2016 Profitable quarter backed by approximately .7 million in revenue Year-to-date cash break-even level achieved in quarter LEAMINGTON, ONTARIO–(Marketwired – April 21, 2016) – Aphria Inc

Long story short, Aphria has reported five consecutive profitable quarters, and its .35 million in Aphria ’s valuation is a bit concerning, too. Even with about 0.07 CAD per share in year-to-date profits , Aphria is probably going to be valued at more than 50 times its year-end earnings per share.

The Leamington, Ont.-based company sold 26.7 million Liberty shares at a price of $1.25 per share, representing all its shares in the company that are not subject to Canadian Securities Exchange escrow requirements.

Aphria maintained a 28.1 per cent interest in Liberty after the transaction.

Companies in this story: (TSX:APH)

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Source: http://ca.pressfrom.com/news/money/-70879-aphria-reports-12-9-million-q3-profit/

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