Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries. South Asia revenue was lower, reflecting limited business activities in the region.
IRD’s net earnings were up 70 per cent year to date, providing a stable financial position with positive working capital of US$7.7 million.
“Overall we are pleased with our performance through the First six months of fiscal 2014 as we continue to generate solid growth in our key Canada and United States and Latin America regions," commented Terry Bergan, president and CEO. "We are also pleased to see another quarter of positive contribution from our equity investment in China.”
