The 2020 Mid-Year Economic Update_long

Wajax Sales Down 8.1% in 1Q

Profit decreased 48.1% to $4.1 million.

Canadian distributor Wajax Corp. (TRX: WJX), reported sales for the first quarter ended March 31 of $344.1 million, a 8.1% decrease year-over-year. The revenue decline was primarily attributable to the March period and the emergence of the ongoing COVID-19 public health crisis. Consolidated revenue for the January and February periods were comparable to the prior year. Profit decreased 48.1% to $4.1 million.

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