Sandvine Reports Q4 2015 Results
WATERLOO, ON, Jan. 7, 2016 /CNW/ – Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported revenue of $35.0 million for its fourth quarter of 2015, which is in line with the Company's estimate published on December 10. Net income for the quarter was $25.2 million, or $0.17 per diluted share, of which $17.6 million, or $0.12 per diluted share, related to the recognition of deferred tax assets. All results are reported in U.S. dollars under International Financial Reporting Standards (IFRS), unless otherwise specified.
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Northeastern Ontario municipalities get infrastructure financial assistance
KIRKLAND LAKE – The provincial government is giving financial assistance to 28 Northeastern Ontario projects through the Small Rural and Northern Municipal Infrastructure Fund. The total money being given to municipalities through these grants is close to $27 million.
A number of Timiskaming communities were successful in receiving money through this program for specific infrastructure projects.
Charlton – Dack received $160,000 to replace the Palmateer Road Culvert. Harley in south Timiskaming is getting $1.5 million to replace the Uno Road bridge. The community of Hudson was successful in getting $452,000 to replace a culvert on Sawmill road. McGarry's second water well project is receiving $276,000.
Since 2003 the Ontario government has provided about $13 billion to help municipalities repair and upgrade roads, bridges, water, waste water treatment facilities and other critical community infrastructure. Over the next three years Ontario is investing more than $35 billion in infrastructure across the province, which will support more than100,000 jobs on average each year.