Atlas Engineered Products reports positive Q2, 2023 results

By Atlas Engineered Products Ltd.
Cision Newswire
August 29, 2023
Category: Finance & Economics
Region: Canada, Canada West

NANAIMO, BC — Atlas Engineered Products (AEP) announced its financial and operating results for the three and six months ended June 30, 2023. Highlights include: Revenue for the three months ended June 30, 2023 was $11,217,336 compared to revenue of $16,836,329 for the three months ended June 30, 2022. …Net income was $786,236 for the three months ended June 30, 2023 compared to net income of $2,044,118 for the three months ended June 30, 2022. Non-IFRS measure adjusted EBITDA decreased to $2,051,169 and $3,791,143 for the three and six months ended June 30, 2023 from $3,665,814 and $6,623,260 respectively for the three and six months ended June 30, 2022. …Hadi Abassi, CEO and Founder said. “We continue to believe that there is an ongoing need for more housing in Canada.” …AEP has established operations in Canada’s truss and engineered products industry.

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