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Northern Frontier Corp. Announces its Fourth Quarter and Fiscal 2013 Financial Results, its 2014 Capital Expenditure Budget and Declares its First Dividend
CALGARY , March 20, 2014 /CNW/ - Northern Frontier Corp. (TSX-V: FFF) (the " Corporation...
About this update from 55 North Mining Inc.
[{"type":"text","content":"\n\n\nCALGARY, March 20, 2014 /CNW/ - Northern Frontier Corp. (TSX-V: FFF)\n (the \"Corporation\" or \"Northern Frontier\") is pleased to announce its fourth quarter and fiscal 2013 financial\n results, its 2014 capital expenditure budget and declaration of its\n first dividend.\n\n\nSelected Financial Highlights\n\n\n\n \n \n \n \n\n\n\n(in 000's CAD, except as noted)\n\n\n3 months ended \nDec 31, 2013\n\n\n13 months ended \nDec 31, 2013\n\n\n12 months ended \nDec 31, 2013 (1)\n\n\n\n\n \n\n\n \n\n\n \n\n\n(pro forma)\n\n\n\n\nRevenue\n\n\n$   14,522\n\n\n$  15,017\n\n\n$  67,167\n\n\n\n\nGross Profit\n\n\n2,955\n\n\n3,077\n\n\n17,570\n\n\n\n\n   as a % of revenue\n\n\n20.3%\n\n\n20.5%\n\n\n26.2%\n\n\n\n\nEBITDA (2)\n\n\n2,093\n\n\n1,867\n\n\n14,753 \n\n\n\n\n   per share  \n   as a % of revenue\n\n\n$       0.26\n14.4%\n\n\n$      0.71\n12.4%\n\n\n$      1.32\n22.0%\n\n\n\n\nNet loss and comprehensive loss\n\n\n(409)\n\n\n(1,967)\n\n\n$    1,732\n\n\n\n\nEarnings (loss) per share - basic and diluted\n\n\n$    (0.05)\n\n\n$   (0.74)\n\n\n$      0.16\n\n\n\n\nFunded debt (3)\n\n\n32,723\n\n\n32,723\n\n\n \n\n\n\n\nWeighted average common shares outstanding (4)\n\n\n8,126,304\n\n\n2,643,524\n\n\n11,160,609\n\n\n\n\nCommon shares outstanding (4)\n\n\n11,160,609\n\n\n11,160,609\n\n\n11,160,609\n\n\n\n\nCommon share purchase warrants outstanding\n\n\n5,115,639\n\n\n5,115,639\n\n\n \n\n\n\n\n\n\n\n\n\n(1)     \n\n\nThese amounts represent management's pro forma estimate of Northern\n Frontier's financial results if it had completed its business\n combination on January 1, 2013 rather than the actual date of September\n 27, 2013.\n\n\n\n\n(2)     \n\n\nEBITDA (earnings before qualifying transaction costs, finance costs,\n taxes, depreciation and amortization, gain/loss on disposal of property\n and equipment and share-based compensation) is not a recognized measure\n under IFRS (defined herein). Refer to \"Non-GAAP Measures\".\n\n\n\n\n(3)     \n\n\nFunded debt (loans and borrowings before unamortized debt issu...