Black Diamond Group Q3 Profit Falls to C$11.03 Million Despite 51.8% Revenue Jump

Black Diamond Group Ltd. (BDI.TO) reported lower third-quarter earnings than a year earlier, with net income of C$11.03 million, or C$0.16 per share, compared with C$12.21 million, or C$0.18 per share, last year. Revenue for the period rose 51.8% to C$159.88 million from C$105.32 million a year earlier, according to the GAAP results released by the company. The decline in profit came even as sales grew, underscoring pressure on margins during the quarter.