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Datacentres Europe
Datacentres Europe
Tracking global change in IT Infrastructure
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014

News Archive

PEER 1 Reports Record Fiscal 2007 Year-End Results

PEER 1 Network Enterprises, Inc. (TSX-V: PIX), a leading provider of IT infrastructure, has released the company's financial results for the fiscal year ended June 30, 2007, recording the company's first year of four profitable quarters. All figures are in US dollars. Financial highlights from the year include the following: PEER 1's revenue increased 22.45% to $74.36 million for the year ended June 30, 2007, compared to $60.73 million for the year ended June 30, 2006; Gross profit increased 28.08% to $28.77 million for the year ended June 30, 2007, compared to $22.46 million for the year ended June 30, 2006.; Operating income increased 88.90% to $7.61 million for the year ended June 30, 2007, compared to $4.03 million for the year ended June 30, 2006; Net profit was $3.63 million for the year ended June 30, 2007, compared to a net loss of $3.19 million for the year ended June 30, 2006. Normalized EBITDA for the year ended June 30, 2007 was $19.9 million, a 55.5% increase over normalized EBITDA of $12.8 million for the year ended June 30, 2006. For the full press release on Peer 1's financial results, please view the press release on their website at http://www.peer1.com/investors/earningsreleases.php

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