Canadian cannabis producer Aphria said it earned 16.4 million Canadian dollars ($12.1 million) in net income in its latest quarter, a 28% decrease from a CA$21.2 million net income the Ontario company recorded in the same quarter last year.
Net revenue for the quarter ending Aug. 31 was CA$126.1 million, up from CA$13.3 million year-over-year.
Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter were CA$1 million, compared with a loss of CA$4 million in the same period last year.
For more on Aphria’s earnings, click here.
Our analysts break down Aphria’s latest results on Investor Intelligence.