RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Doman Building Materials Group reports over 40% jump in Q2FY23 net income as demand picks up
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Highlights
Doman Building Materials Group Ltd (TSX: DBM) is a wholesale distributor of building materials and home renovation products required in new constructions and renovations. The company expects that the demand for its goods will remain stable over the long term, thanks to DBM’s strong fundamentals. As per Doman Building Materials Group, the activity in the market for repairs and remodels has triggered the sales of its products.
In Q2 2023, the moving rate for expenditures on upgrades and repairs in the United States witnessed a 9.5% year-on-year growth.
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