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Apollo Healthcare Corp. Reports Fourth Quarter of 2020 Results

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Apollo Healthcare Corp. (formerly Acasta Enterprises Inc.) (TSX: AHC, OTC QX: AHCCF) (” Apollo ” or the ” Company “) today announced financial results for the quarter and year ended December 31, 2020.

The Company’s audited consolidated financial statements for the three months and year ended December 31, 2020, as well as its accompanying management discussion and analysis (MD&A) have been filed on SEDAR. Copies of the filings may be obtained at www.sedar.com . All values in this news release and the Company’s financial disclosures are in Canadian dollars unless otherwise stated.

Financial Highlights Revenues for the fourth quarter of 2020 were $87.2 million and $321.7 million year to date compared with $41.8 million and $167.1 million in the comparative 2019 periods. The higher revenue is the result of higher volumes sold of the Company’s products.

EBITDA for the fourth quarter of 2020 was $25.2 million and $94.8 million year to date compared with EBITDA of negative $1.7 million and $11.3 million in the comparative 2019 periods. The improved results reflect higher volumes sold of the Company’s products.

Adjusted EBITDA for the fourth quarter of 2020 was $26.2 million and $91.2 million year to date compared with adjusted […]

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