05:28 PM EST, 02/25/2025 (MT Newswires) -- Colabor Group ( COLFF ) , after trade Tuesday, reported higher net earnings and revenue for its fiscal fourth quarter.

The food-distribution company said earnings from continuing operations were $548,000 or $0.01 per share, in the quarter Dec. 28, up from $354,000, in the year-prior period. This increase was mainly due to "a decreased depreciation and amortization expenses and costs not related to current operations, mitigated by an increase in financial expenses, as well as a decreased adjusted earnings before interest, taxes, depreciation, and amortization," the company said.

Sales from continuing operations rose to $202.6 million from $196.3 million a year ago. The company said sales from distribution activities grew by 5.6%, mainly due to higher volumes, expansion into new areas, inflation, and a recent acquisition. Wholesale sales fell by 3.8%, primarily due to the challenging macroeconomic conditions in the same period, though inflation helped soften the decline.

Among other highlights, adjusted EBITDA fell 3.1% to $11.3 million from $11.7 million a year prior. Cash flow from operating activities rose to $10.6 million from to $8.9 million in the year-ago quarter.