Stocks in play: Sportscene Group Inc.
Disclosed the financial results of another year of solid growth. For fiscal year 2018, total sales were up 6.2% to $127.9 million. This increase is fully attributable to a 7% growth in average same-Cage sales. Sportscene's consolidated revenues amounted to $104.0 million, up 9.4%. This increase stemmed from the restaurant operations, which represent nearly 95% of Sportscene's annual consolidated revenues. Consolidated adjusted EBITDA increased by 31.2% to $11.1 million, reflecting the strong performance of the La Cage network. Net earnings more than doubled compared with the previous year, rising to $3.1 million or $0.72 per share. Sportscene Group Inc. shares V.SPS.A are trading unchanged at $8.00.