Groupe Athena, Inc. announced earnings results for the first quarter ended September 30, 2013. For the quarter, the company reported revenues of $18,762,589 which is an increase of 22% when compared to the corresponding period in 2012 and is the most revenue for a single quarter reported by the company to date. Operating income for the quarter also increased dramatically to $3.15 million from $2.14 million for the same period in 2012.

The company notes that the very healthy 47% increase compared to the previous year is due to a 20% increase in operating margins. Net income after taxes for the period increased 23% to $1.61 million or $0.034 per share despite a one time impairment charge of $618,281 related to the recent property acquisition. Excluding this charge, net income increased 70% to $2.23 million for the period.