Canlan reports third quarter results

About this update from Canlan Ice Sports Corp.

[{"type":"text","content":"\n\n\n\nBURNABY, BC, Nov. 13 /CNW/ - Canlan Ice Sports Corp. today reported\nresults for the three months and nine months ended September 30, 2007\n\n\n Third Quarter Results (in thousands of dollars)\n-------------------------------------------------------------------------\n Three months ended Nine months ended\n September 30 September 30\n 2007 2006 2007 2006\n-------------------------------------------------------------------------\nRevenue:\n Ice rinks $ 12,308 $ 10,845 $ 43,800 $ 37,218\nExpenses:\n Ice rinks 11,259 9,953 35,489 30,511\n-------------------------------------------------------------------------\n\nEarnings from\n operations 1,049 892 8,311 6,707\n\nGeneral and\n administration\n expenses 804 695 2,638 2,071\n-------------------------------------------------------------------------\n\nEarnings before\n the undernoted 245 197 5,673 4,636\n\nOther expenses:\n Interest on debt\n on ice rinks 933 903 2,798 2,349\n Other interest 191 224 406 505\n Loss on foreign\n exchange 1 2 17 365\n Amortization 1,100 995 3,262 2,846\n Gain on sale of\n capital assets - - - (16)\n-------------------------------------------------------------------------\n 2,225 2,124 6,483 6,049\nLoss before taxes (1,980) (1,927) (810) (1,413)\nIncome tax (expense)\n recovery:\n Current - (2) - (2)\n Future 395 646 139 452\n-------------------------------------------------------------------------\n 395 644 139 450\n-------------------------------------------------------------------------\n\nNet loss (1,585) (1,283) (671) (963)\n\nDeficit, beginning\n of period (23,932) (25,880) (24,846) (26,200)\n-------------------------------------------------------------------------\n\nDeficit, end of\n period $ (25,517) $ (27,163) $ (25,517) $ (27,163)\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\nBasic earnings (loss)\n per share $ (0.01) $ (0.01) $ 0.00 $ 0.00\nFully diluted earnings\n (loss) per share $ (0.01) $ (0.01) $ 0.00 $ 0.00\n\nBasic and diluted\n weighted average\n number of shares\n outstanding\n (in thousands) 266,747 266,747 266,747 266,747\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\n\nThird quarter results (three months ended Sep...

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