GDI Integrated Reports Revenue Growth Despite Profit Dip

GDI Integrated (TSE:GDI) has released an update.

GDI Integrated Facility Services Inc. reported a 9% revenue increase in Q1 2024, reaching $644 million, but experienced a decline in net income to $0.4 million compared to $4 million in Q1 2023. The decrease in net income is primarily due to higher depreciation and amortization expenses. The company saw organic growth and acquisitions contributing to its financial performance, with notable revenue growth in its Business Services USA segment.

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