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Inventory information for buyers: First Quantum revenue jumps, Intact earnings fall


The Toronto-based agency says its insurance coverage income reached $6.75 billion through the quarter ended June 30, up year-over-year from $6.62 billion.       

Earlier this month, Intact Monetary up to date its steering for the second quarter, saying it had increased disaster losses and huge losses than it initially predicted.   

It stated its mixed disaster and huge losses have been $247 million above its expectations for the second quarter on a pre-tax and web of reinsurance foundation.

Intact Monetary CEO Charles Brindamour says the corporate’s resilient efficiency and stability sheet power place it to proceed to pursue progress initiatives in a constructive mergers and acquisitions setting.   

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First Quantum stories Q2 web earnings of US$136M, up from US$18M final yr

First Quantum Minerals Ltd. (TSX:FM)

Numbers for its second quarter:

  • Revenue: $136 million (up from $18 million a yr in the past)
  • Income: $1.5 billion (up from $1.22 billion a yr in the past)

First Quantum Minerals Ltd. reported web earnings attributable to shareholders of the corporate of US$136 million within the second quarter, rising from US$18 million throughout the identical interval final yr. That amounted to diluted web earnings per share of 16 cents US, in contrast with two cents through the prior-year quarter. 

The Toronto-based firm, which retains its books in U.S. {dollars}, says gross sales income amounted to US$1.5 billion, rising year-over-year from US$1.22 billion.

First Quantum says its whole copper manufacturing for the second quarter was 100,487 tonnes, in contrast with 91,069 tonnes throughout final yr’s second quarter.   

CEO Tristan Pascall says web site preparation for the processing of stockpiled ore superior nicely through the quarter on the Cobre Panama copper mine.   

Article Continues Under Commercial


In April, the federal government of Panama permitted the removing, processing and export of stockpiled ore on the contentious mine that had been shuttered.

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CGI stories $465.2M Q3 revenue, up from $408.6M a yr earlier

CGI Inc. (TSX:GIB.A)

Numbers for its third quarter:

  • Revenue: $465.2 million (up from $408.6 million a yr in the past)
  • Income: $4.19 billion (up from $4.09 billion a yr in the past)

CGI Inc. says it earned $465.2 million in its third quarter in contrast with a revenue of $408.6 million a yr earlier. The enterprise and expertise consulting agency says the revenue amounted to $2.23 per diluted share for the quarter ended June 30, up from $1.82 per diluted share in the identical quarter final yr.

On an adjusted foundation, CGI says it earned $2.29 per diluted share in its newest quarter, up from an adjusted revenue of $2.10 per diluted share a yr earlier.

Income for the quarter totalled $4.19 billion, up from $4.09 billion in the identical quarter final yr.

Bookings for the quarter totalled $4.20 billion, whereas CGI’s backlog stood at $31.79 billion at June 30.

CGI has 94,000 consultants and professionals throughout the globe that present enterprise and expertise consulting providers.

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Algoma Metal stories Q2 lack of $96M, in contrast with $110.6M loss final yr

Algoma Metal Group Inc. (TSX:ASTL)

Numbers for its second quarter:

  • Loss: $96 million (in comparison with lack of $110.6 million a yr in the past)
  • Income: $267.5 million (down from $589.7 million a yr in the past)

Algoma Metal Group Inc. reported a web lack of $96 million through the second quarter, in contrast with a web lack of $110.6 million through the prior-year quarter. That amounted to a web loss per diluted share of 88 cents, in comparison with a web lack of $1.02 per diluted share throughout final yr’s second quarter.   

The Sault Ste. Marie, Ont.-based metal producer says its consolidated income reached $267.5 million through the interval, falling year-over-year from $589.7 million. 

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