Business
Clarke Inc. Reports 2013 First Quarter Results and a 33% Increase in Quarterly Dividend
HALIFAX, May 14, 2013 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI CKI.DB.A) t...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, May 14, 2013 /CNW/ - Clarke Inc. (\"Clarke\" or the \"Company\")\n (TSX: CKI CKI.DB.A) today announced its results for the three months\n ended March 31, 2013.\n\n\nRESULTS OF OPERATIONS\n\n\nHighlights of the interim condensed consolidated financial statements\n for the three months ended March 31, 2013 compared to the three months\n ended March 31, 2012 are as follows:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nThree months endedMarch 31, 2013$\n\n\n \n\n\nThree months endedMarch 31, 2012\n$\n\n\nRevenue and other income\n\n\n57.9\n\n\n \n\n\n61.1\n\n\nIncome from continuing operations attributable to equity holders of the\n Company\n\n\n3.1\n\n\n \n\n\n3.7\n\n\nNet income attributable to equity holders of the Company\n\n\n3.1\n\n\n \n\n\n3.7\n\n\nComprehensive income attributable to equity holders of the Company\n\n\n5.4\n\n\n \n\n\n4.6\n\n\nBasic earnings per share (\"EPS\") (in dollars)\n\n\n \n\n\n \n\n\n \n\n \n\nIncome from continuing operations and net income\n\n\n0.19\n\n\n \n\n\n0.22\n\n\nTotal assets\n\n\n225.0\n\n\n \n\n\n236.9\n\n\nCash dividends declared per share (in dollars)\n\n\n0.06\n\n\n \n\n\n―\n\n\nBook value per share (in dollars)\n\n\n5.42\n\n\n \n\n\n5.37\n\n\n\n\nNet income attributable to equity holders of the Company for the three\n months ended March 31, 2013 was $3.1 million, compared with net income\n of $3.7 million for the same period in 2012. During the three months\n ended March 31, 2013, the Company had realized gains on its\n publicly-traded securities of $3.0 million, compared to realized losses\n of $2.0 million for the same period in 2012. The Company had unrealized\n gains on its publicly-traded securities of $0.6 million for the three\n months ended March 31, 2013, compared to unrealized gains of $7.0\n million for the same period in 2012. Realized gains in the first\n quarter of 2013 were the result of exiting our investments in Vitran\n Corporation Inc. and Imvescor Restaurant Group Inc.\n\n\nThe Freight Transportation segment had a strong quarter generating\n EBITDA (before intercompany dividend revenue) of $1.7 million for the\n three months ended March 31, 2013 compared to $0.9 million for the\n three months ended March 31, 2012. The significantly improved results\n in ...