ADF Group Inc. SV (TSE:DRX) has released an update.
ADF Group Inc. reports a robust first quarter with revenues soaring by 33.8% to $107.4 million and net income skyrocketing by 184.2% to $15.3 million, compared to the previous year. Gross margins improved significantly to 29.2%, and the company announced a shareholder-friendly cash utilization strategy, including a share repurchase plan and a dividend increase. The company also highlighted a strong order backlog of $427.5 million, setting a positive outlook for future operations.
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