(Terrebonne) The Quebec company Groupe ADF reports that in the quarter ending October 31, it recorded net income of 11.2 million, or $0.34 per basic and diluted share, compared to 2 .9 million, or $0.09 per basic and diluted share in the corresponding quarter of 2022.

ADF Group specializes in the design, engineering, manufacturing and installation of metal frames.

In the third quarter of this year, the company based in Terrebonne, Lanaudière, recorded revenues of 82.1 million compared to 65 million for the same period a year earlier.

ADF’s order book stood at 339.3 million as of October 31, down from 376.5 million as of January 31.

The Chairman of the Board of Directors and CEO of ADF Group, Jean Paschini, affirms that the number of projects under negotiation remains active and he is confident of being able to continue the growth of the order book.

Company cited in this report: ADF Group (TSX: Dr.