Business
Clarke Inc. Reports 2011 Second Quarter Results
HALIFAX, Aug. 11, 2011 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI CKI.DB CKI.D...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, Aug. 11, 2011 /CNW/ - Clarke Inc. (\"Clarke\" or the \"Company\")\n (TSX: CKI CKI.DB CKI.DB.A) today announced its results for the three\n and six months ended June 30, 2011.\n\n\nImproved earnings in the Freight segment and a gain realized on the sale\n of Countdown were offset by unrealized losses on the Company's\n investment portfolio, resulting in a net loss. Net loss of the Company\n for the three and six months ended June 30, 2011 was $1.7 million and\n $2.7 million or income of $0.09 and a net loss of $0.13 per share\n compared with net income of $1.9 million and a net loss of $0.6 million\n or $0.09 and $0.03 per share in the corresponding periods in 2010.\n\n\nBasic loss per share (\"EPS\") from continuing operations for the three\n and six months ended June 30, 2011 was $0.36 and $0.44, compared to\n basic earnings per share of $0.13 and $0.03 for the three and six\n months ended June 30, 2010, a decline of $0.49 and $0.47 per share.\n Book value per share at June 30, 2011 was $5.24, an increase of $1.38\n or 35.8% from a book value per share of $3.86 on June 30, 2010.\n\n\nRESULTS OF OPERATIONS\n\n\nHighlights of the interim condensed consolidated financial statements\n for the three and six months ended June 30, 2011 compared to the three\n and six months ended June 30, 2010 are as follows:\n\n \n\n \n \n \n \n\n \n\n \n\n \n\n\n \n\n\n3 months endedJune 30, 2011$\n\n \n\n3 months endedJune 30, 2010\n$\n\n \n\n6 months endedJune 30, 2011$\n\n \n\n6 months endedJune 30, 2010\n$\n\n\nRevenue and other income\n\n\n45.5\n\n \n\n44.6\n\n \n\n92.2\n\n \n\n88.7\n\n\nIncome (loss) from continuing operations attributable to equity holders\n of the Company\n\n\n(7.2)\n\n \n\n2.9\n\n \n\n(8.8)\n\n \n\n0.8\n\n\nNet income (loss) attributable to equity holders of the Company\n\n\n(1.7)\n\n \n\n1.9\n\n \n\n(2.7)\n\n \n\n(0.6)\n\n\nComprehensive income (loss) attributable to equity holders of the\n Company\n\n\n(1.9)\n\n \n\n2.1\n\n \n\n(2.9)\n\n \n\n(0.7)\n\n\nBasic earnings per share (\"EPS\") (in dollars)\n\n \n \n\n \n\n \n\n \n\n \n \n\n \n\n\nEarnings (loss) from continuing operations\n\n\n(0.36)\n\n \n\n0.13\n\n \n\n(0.44)\n\n...