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CanaDream Reports 31 Percent Income Boost

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Revenues for the CanaDream Corp. for the nine months ended Jan. 31 were $28.5 million, yielding a net comprehensive income of $4 million, a 31 percent increase from the previous period, according to a news release.

Cash flow provided by operating activities was $15.2 million, up 19 percent from the prior period. Earnings per share were 20.8 cents. 

The company’s core business, promoting the opportunity to “experience Canada at your own pace” through the RV experience, is seasonal in nature with the majority of its revenue being earned during the May to October period, the first and second quarters of its fiscal year.

The company rents RVs at a number of locations throughout Canada and also sells the used fleet vehicles.

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