Glacier Ventures International Corp. (TSX:GVC) has reported that its net income more than doubled in 2007 compared with 2006: $30.6 million versus $13 million.
Revenue also improved increased to $216 million in 2007 compared with $186 million the year previous.
The company, which owns a stable of publications across Canada, including Business in Vancouver, reported earnings per share of $0.33 compared with $0.18 last fiscal year.
Glacier reported that during its 2007 fiscal year it had invested $15 million buying 12 newspapers and trade information publications in B.C., Saskatchewan, Manitoba and Ontario.
According to the company's financial report, its Business In Vancouver Media Group continued to show strong revenue growth.
Glacier's share price range during the past week: between $3.82 and $3.99; 52-week high: $5; 52-week low: $2.95.