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Tree Island Steel Announces Second Quarter 2021 Results and Declares Special Dividend
July 27, 2021 5:00 PM EDTVANCOUVER, British Columbia, July 27, 2021 (GLOBE NEWSWIRE) -- Tree Island Steel (''Tree Island'' or the ''Company'') (TSX: TSL) announced today its financial results for the three month and six month periods ended June 30, 2021.
For the three month period ended June 30, 2021, revenues increased by $23.9 million to $74.4 million, compared to the same period in 2020, from higher demand and increased selling prices across all market segments. Gross profit for the second quarter increased to $16.8 million, from $5.9 million in the same period in 2020. With the higher gross profit, EBITDA amounted to $14.7 million,... More
