Business
CANLAN REPORTS THIRD QUARTER 2010 FINANCIAL RESULTS
CANLAN REPORTS THIRD QUARTER 2010 FINANCIAL RESULTS
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"\n\n\n\n Nov. 10, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nBURNABY, BC, Nov. 10 /CNW/ - Canlan Ice Sports Corp., industry-leading\n providers of on-ice experiences to youth and adults across North\n America, today announced its financial results for the three- and\n nine-month periods ended September 30, 2010.\n\n\nSelected Third Quarter Financial Highlights\n\n\n\n\nIn thousands  except share and % data\n\n\nQ3 2010\n\n\nQ3 2009\n\n\nChange\n\n\n\n\nTotal revenue\n\n\n$14,215\n\n\n$13,582\n\n\n+4.7%\n\n\n\n\nEBITA1\n\n\n($140)\n\n\n$39\n\n\n-$101\n\n\n\n\nEarnings (loss) before taxes\n\n\n($2,066)\n\n\n($1,890)\n\n\n-$176\n\n\n\n\nNet earnings (loss)  after taxes\n\n\n($1,516)\n\n\n($1,361)\n\n\n-$155\n\n\n\n\nNet earnings (loss) per share\n\n\n($0.11)\n\n\n($0.10)\n\n\n-$0.01\n\n\n\n\nTotal Assets\n\n\n$109,311\n\n\n$110,720\n\n\n-1.3%\n\n\n\n\nCash and Cash equivalents\n\n\n$4,450\n\n\n$4,053\n\n\n+9.8%\n\n\n\n\nTotal Interest bearing debt\n\n\n$47,000\n\n\n$49,600\n\n\n-5.2%\n\n\n\n\n"Our third quarter results, which historically are our weakest due to\n the seasonality of our operations, are generally consistent with\n expectations," said Joey St-Aubin, President and CEO of Canlan Ice\n Sports. "Our performance was impacted by a number of investments that\n we made to support our future growth and commitment to delivering an\n unmatched customer experience. Most notably, we invested approximately\n $500,000 towards our start-up facility in t...