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Decisive Dividend Corporation Decisive Dividend Corporation Reports Financial Results for the Three Months Ended March 31 , 2021 May 11 , 2021 - Kelowna , British Columbia : Decisive Dividend Corporation ( TSX - V : DE ) ( the " Company " or " Decisive " ) reported its financial results for the three months ended March 31 , 2021. All amounts are expressed in Canadian dollars . The Company's Q1 unaudited interim condensed consolidated financial statements as well as its management's discussion and analysis ( " MD & A ” ) are posted on SEDAR and on Decisive's website ( www.decisivedividend.com ) . Q1 2021 Highlights : • • • • Consolidated sales increased 8 % to $ 13.9 million compared to $ 12.9 million in Q1 2020 . Consolidated gross profit increased 10 % to $ 5.2 million from $ 4.7 million in Q1 2020. Gross profit percentages also improved to 37 % from 36 % in the comparative period of 2020 . Consolidated Adjusted EBITDA * increased to $ 2.2 million , up 31 % relative to Q1 2020 , driven by the above noted increases in sales and gross profit . Blaze King achieved record sales each month during the quarter . The result was an 83 % increase in Blaze King sales relative to Q1 2020 , as demand for their products has remained robust amid the COVID - 19 economic backdrop . Slimline , Unicast and Northside each demonstrated resilience in the quarter and sales remained relatively consistent compared to Q1 2020 . Hawk sales improved in the quarter compared to the last three quarters of 2020 , although sales were lower than in Q1 2020. Activity in Q1 2020 was relatively strong for Hawk , before the onset of COVID - 19 and a significant decline in oil prices limited demand for Hawk's products through the remainder of 2020 . Consolidated net profit in the quarter was $ 0.3 million , or $ 0.02 per share , an increase of $ 1.4 million compared to Q1 2020. The Q1 2020 net loss included a $ 1.4 million non - cash impairment loss being recorded against Hawk's goodwill . Selected Financial Highlights The following are selected financial highlights of Decisive for the three months ended March 31 , 2021 . ( Stated in thousands of dollars , except per share amounts ) For the three months ended March 31 , Sales Gross profit Gross profit % Adjusted EBITDA * Per share basic Profit ( loss ) before tax Profit ( loss ) Per share basic Per share diluted Dividends declared Per share basic 2021 2020 Change $ 13,945 $ 5,157 12,945 8 % 4,680 10 % 37 % 36 % 2,165 1,653 31 % 0.18 0.14 28 % 485 ( 921 ) 278 ( 1,088 ) 0.02 ( 0.09 ) 0.02 n / a 1,037 -100 % 0.09 -100 % 1