Business
Canlan Reports Year-End 2012 Financial Results and Continuation of Dividend Policy
- Same store revenue and EBITDA growth of 3%, increased quarterly dividends, and new Sport...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"\n\n\n\n\n\n- Same store revenue and EBITDA growth of 3%, increased quarterly\n dividends, and new Sportsplex in Mississauga, Ontario highlight FY2012\n -\n\n\nBURNABY, BC, March 22, 2013 /CNW/ - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational and multi-sport facilities\n across North America, today announced its financial results for the\n three and 12-month period ended December 31, 2012.\n\n\nFY 2012 Key Financial Metrics\n\n\nIn thousands except share data\n\n\nFY2012\n\n\nFY2011\n\n\nChange\n\n\nTotal revenue\n\n\n$72,823\n\n\n$71,966\n\n\n+1%\n\n\nSame store revenue\n\n\n$70,340\n\n\n$68,306\n\n\n+3%\n\n\nEBITDA1\n\n$9,757\n\n\n$9,848\n\n\n-1%\n\n\nSame store EBITDA\n\n\n$10,216\n\n\n$9,883\n\n\n+3%\n\n\nNet earnings before taxes\n\n\n$2,287\n\n\n$4,113\n\n\n-44%\n\n\nNet earnings after taxes\n\n\n$1,295\n\n\n$2,844\n\n\n-54%\n\n\nNet earnings per share\n\n\n$0.10\n\n\n$0.21\n\n\n-52%\n\n\n \n\n\nDec. 31, 2012\n\n\nDec. 31, 2011\n\n\n \n\n\nTotal Assets\n\n\n$102,824\n\n\n$104,740\n\n\n-2%\n\n\nCash and Cash equivalents\n\n\n$12,900\n\n\n$13,886\n\n\n-7%\n\n\nTotal Interest bearing debt\n\n\n$39,018\n\n\n$41,972\n\n\n-7%\n\n\n\n\n\n\"In 2012, we achieved an important operational milestone with the\n opening of Canlan Sportsplex, located in Mississauga, Ontario, our\n first non-ice related facility,\" said Joey St-Aubin, President and CEO\n of Canlan Ice Sports.  \"The opening of Canlan Sportsplex, a facility\n that capitalizes on the recent growth in turf and court sports across\n the country, is an excellent example of our ability to identify\n exciting opportunities to grow our portfolio of facilities in markets\n where the demand for our expertise in the kind of sports and\n entertainment products and services we offer is strong.\"\n\n\nFY2012 Operational and Financial Highlights \n\n\n \n\n\n \n\n\n \n\n\n-\n\n\n \n\n\n \n\n\n \n\n\nRevenue of $72.8 million for FY2012, an increase of 1% over FY2011\n\n\n \n\n\n \n\n\n \n\n\n-\n\n\n \n\n\n \n\n\n \n\n\nEBITDA of $9.8 million for FY2012 consistent with FY2011Net earnings of\n $1.3 million for FY2012 compared to $2.8 million for FY2011\n\n\n \n\n\n \n\n\n \n\n\n-\n\n\n \n\n\n \n\n\n \n\n\nSame store revenue of $70.3 million for FY2012 , u...