Karora Delivers Record Revenue of $264 Million and Cash Flow Provided by Operating Activities of $106 Million in 2021
Net earnings for 2021 of $27.5 million ($0.18 per share) was down compared to $88.1 million for 2020.
- Net earnings for 2021 of $27.5 million ($0.18 per share) was down compared to $88.1 million for 2020.
- Cash flow from operating activities of $106.5 million, a 13% increase compared to 2020.
- For the fourth quarter of 2021, cash flow from operating activities was $33.5 million, a 12% decrease compared to $38.0 million in 2020.
- Karora delivered solid financial performance in 2021 with Adjusted EBITDA1 of $104.3 million or $0.70 per share and operating cash flow of $106.5 million or $0.71 per share.