RV rental firm CanaDream Corp., Calgary, Alberta, saw a 31% gain in income for its nine-month period, ended Jan. 31.

CanaDream recorded net and comprehensive income of $4 million, representing a 31% increase from the prior period. Total revenue was $28.5 million, an increase of 19% compared to a year ago. Guest revenue increased 12% and fleet sales revenue grew 36%.

Cash flow provided by operating activities of $15.2 million increased $2.4 million, or 19%, from the prior period. On a fully diluted basis, earnings per share were 20.8 cents which was a 28% increase from the prior period.

At Jan. 31, investment in guest fleet was $24.5 million, an increase of $3.1 million from April 30, 2014, due to fleet purchases of $13.6 million and a reduction of $2.3 million in transfer to fleet inventory. Fleet and other financing increased $2.1 million to $28.7 million from April 30, 2014.

To view the full report click here.