Atlas Engineered Products records 1Q net profit on double-digit revenue increase Atlas Engineered Products (CVE:AEP) (OTCMTS:APEUF) announced it had recorded a net profit for its first quarter of 2021 on a double-digit revenue increase. For the three months ended March 31, the company recorded net income of C$51,208, compared to a net loss of C$762,961 in the year-ago quarter. Revenue increased 29% year-over-year to C$9,129,633 for the company''s best 1Q to date. READ: Atlas Engineered Products announces the return of company founder Hadi Abassi as its CEO and president In addition, Atlas said that non-IFRS measure normalized EBITDA increased substantially to C$1,187,376, from C$102,042 in the 1Q of 2020. "The entire team at AEP has been working incredibly hard to navigate the challenges caused by the COVID-19 pandemic; from keeping employees safe to navigating material pricing increases and supply shortages, said CEO Hadi Abassi in a statement. These record first-quarter results showcase those efforts and I am incredibly proud of what the company and its employees have accomplished.