http://www.marketwired.com/press-release/empire-industries-reports-2013-profit-of-44-million-tsx-venture-eil-1901451.htm

WINNIPEG, MANITOBA--(Marketwired - April 22, 2014) - Empire Industries Ltd. (TSX VENTURE:EIL) today reported its audited consolidated financial results for the year ended December 31, 2013. The audited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at www.sedar.com or at www.empind.com.

Summary of 2013 annual results

  • Revenues increased by $34.1 million, or 41% (to $117.8 million from $83.7 million in 2012)
  • Adjusted EBITDA increased by $4.3 million, or 215% (to $6.3 million from $2.0 million in 2012)
  • Net Income increased by $5.0 million (to $4.4 million from a net loss of $0.6 million in 2012). Net Income was $0.02 per share in 2013 versus Nil in 2012.
  • Backlog of $116 million, up from $73 million at of the Group's third quarter report