Same store sales up 1.2 percent, impacted by mild winter weather and currency conversion.
The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three-month period ended March 31.
According to the multiple collision repair shop operator, sales increased by 8.2 percent to CA$378.9 million ($277.2 million) from CA$350.4 million ($256.3 million) in 2016, including same-store sales increases of 1.2 percent. Currency exchange rates negatively impacted sales by CA$12.0 million ($8.8 million).
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 11.2 percent to CA$32.8 million ($24 million), compared with CA$29.5 million ($21.6 million) in 2016.