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NFI Group posts first profitable Q2 in 3 years with $3M net income, up from $48M loss last year, on $851M revenue.
NFI Group Inc., a Winnipeg-based transportation company, posted its first profitable quarter in three years with a net income of $3 million in Q2, up from a $48 million loss in the same period last year.
Revenue increased significantly from $660 million to $851 million.
The company attributes the improved earnings to a better supply chain, though some suppliers face delays, which are expected to continue throughout the year as suppliers increase production to meet demand from NFI.
9 months ago
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