REGINA - Saskatchewan's province's registry and information technology provider has posted revenue numbers a month after opening to the public for the first time.
The Information Services Corporation posted $21.7 million in revenue for its second quarter — $100,000 less than what it had in revenue over the same period last year.
Year-to-date revenue is up compared to last year at this time by $300,000 to $39.3 million dollars.
Jeff Stusek, president and C-E-O of ISC, says revenues were partially driven by city increases in housing prices and the reduction in costs on other initiatives as a result of their focus on the public offering.
Stusek says the rest of 2013 looks to be steady as well, but they're keeping an eye on the potash situation, where a Russian company is leaving a European cartel, raising concerns that potash prices could plunge 25 per cent or $100 a ton.
He says ISC's revenues are largely dependent on the Saskatchewan economy and they will continue to monitor the situation.
ISC also recently announced a policy of paying an annual dividend of 80 cents per Class A Share to be payable on a quarterly basis.
The release of the second quarter financials are the first for the company after its first public offering sale in late June and early July, representing 60 per cent of the Crown corporation.
The Crown Investment Corporation continues to hold seven million shares representing about 40 per cent of the issued and outstanding shares.
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