Posted on 7724
BPLI Holdings Inc. (“BPLI” or “the Company”) (TSX-V: BPLI) today reported its audited financial results for the year ended September 30, 2020.
BPLI consolidated revenue for the year ended September 30, 2020 was $25.4 million, up from $23.0 million, an increase of 10%. Gross profit for the year was $13.1 million up from $10.8 million, an increase of 21%. Pre-tax income for the year was $5.0 million as compared to pre-tax loss of $2.2 million. After tax income was $3.0 million as compared to after tax loss of $4.4 million for the same period in the previous year.
The Bluedrop Training and Simulation business unit revenues for the year were $19.6 million, up from $17.8 million for the same period in the previous year, an increase of 10%. Revenues from Courseware development services and In-service support were up $3.0 million for the period. Revenues from Simulation products and Software licences an