financetom
Business
financetom
/
Business
/
Richards Packaging Income Fund Reports Higher Q4 Profit, Revenue; Declares Special Cash Distribution
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Richards Packaging Income Fund Reports Higher Q4 Profit, Revenue; Declares Special Cash Distribution
Mar 8, 2024 4:54 AM

07:41 AM EST, 03/08/2024 (MT Newswires) -- Richards Packaging Income Fund (RPI-UN.TO), a provider of packaging services to small and medium-sized businesses, overnight Thursday reported fourth-quarter net income of $10.2 million, up from $8.9 million a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $108.8 million, up from $108.1 million a year earlier.

Adjusted EBITDA for Q4 was $16.6 million versus $13.8 million a year earlier.

The Fund reported a special cash distribution of $0.36 per unit for the unitholders and exchangeable shareholders of record at the close of business on March 18. The distribution is payable on March 26.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chinese conglomerate Fosun's tourism unit says reviewing business portfolio
Chinese conglomerate Fosun's tourism unit says reviewing business portfolio
Mar 6, 2024
(Reuters) - Fosun Tourism Group ( FSNGF ) said on Thursday it was reviewing its business portfolio, in response to a Reuters report that it was exploring the sale of a hotel resort. Fosun International ( FOSUF ) is looking to sell all or part of its luxury resort Atlantis in southern China as part of its efforts to reduce...
BRIEF-Edify Acquisition Corp. To Liquidate
BRIEF-Edify Acquisition Corp. To Liquidate
Mar 6, 2024
March 6 (Reuters) - Edify Acquisition Corp ( EAC ): * TO LIQUIDATE * PUBLIC SHARES WILL BE DEEMED CANCELLED AND WILL REPRESENT ONLY RIGHT TO RECEIVE EXPECTED PER-SHARE REDEMPTION PRICE. * MUTUALLY AGREED TO TERMINATE PREVIOUSLY ANNOUNCED BUSINESS COMBINATION AGREEMENT BETWEEN COMPANY AND UNQL * CO WILL REDEEM ALL OF OUTSTANDING PUBLIC SHARES OF COMMON STOCK AT AN EXPECTED...
Australia government urged to give regulator power to break up supermarket giants
Australia government urged to give regulator power to break up supermarket giants
Mar 6, 2024
SYDNEY (Reuters) - Australia's antitrust regulator should be given powers to break up supermarket giants Woolworths and Coles to to improve competition as fruit and vegetable farmers have not seen prices rise for 15 years, a Senate inquiry heard on Thursday. The National Farmers Federation Horticulture Council, which represents fruit and vegetable growers, said the country's farmers and consumers were...
Boeing discloses names of 737 MAX employees after NTSB chair faults cooperation
Boeing discloses names of 737 MAX employees after NTSB chair faults cooperation
Mar 6, 2024
WASHINGTON, March 6 (Reuters) - Boeing ( BA ) on Wednesday provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker's failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy had said earlier on Wednesday that Boeing ( BA...
Copyright 2023-2026 - www.financetom.com All Rights Reserved