Canada: Cellular concrete products company Cematrix reported revenues of $10.8m in the first half of 2024, up by 11% year-on-year. It recorded adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$364,000, compared to a loss of US$801,000 in the first half of 2023.
CEO Jeff Kendrick said "We continue to work on a number of initiatives to grow shareholder value, as evidenced by our recent uplisting to the Toronto Stock Exchange. We recently completed a new financing round that strengthened our balance sheet and increased Cematrix’s institutional ownership with quality investors committed to our long-term success. Our commitment to growth and shareholder value remains unwavering as we continue to foster strong organic growth and maintain a robust balance sheet. As we execute our strategic plan, we are optimistic about the remainder of 2024 and beyond, confident that our product offerings and the advantages that it delivers to customers will continue to bring tremendous opportunities for our business.”
