Genesis Reports 2018 Third Quarter Results

CALGARY, Nov. 13, 2018­ /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q3”) and nine months (“YTD”) ended September 30, 2018. Key financial results and operating data for Genesis were as follows: Three months endedSeptember 30, Nine months endedSeptember 30, ($000s, except for per share items or unless otherwise noted) 2018 2017 2018 2017 Key Financial Data Total revenues 27,178 31,128 60,502 85,289 Direct cost of sales (22,468) (22,227) (46,713) (60,871) Gross margin 4,710 8,901 13,789 24,418 Gross margin (%) 17.3% 28.6% 22.8% 28.6% Net earnings ...

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