Atlas Engineered Products Has Profitable Quarter

Atlas Engineered Products (AEP) had revenue of $9.68 for the third quarter of 2020, a 22 per cent increase over revenue of $7.9 million in the third quarter of 2019. The increase was driven by resilient markets in British Columbia and Manitoba, paired with a rebound of the Ontario market after COVID-19-related permitting restrictions were lifted at the end of May. Profitability continued to improve with an operating profit of $482,818 in the third quarter of 2020 and $248,675 in the second quarter, compared to an operating loss of $866,084 in first quarter of 2020.