Horizon North Logistics Inc. Announces Results for the Quarter Ended June 30, 2014

About this update from Dexterra Group, Inc.

[{"type":"text","content":"\n\n\nTSX Symbol: HNL\n\n\nCALGARY, July 29, 2014 /CNW/ - Horizon North Logistics Inc. (\"Horizon\"\n or the \"Corporation\") reported its financial and operating results for\n the three and six months ended June 30, 2014 and 2013.\n\n\nSecond Quarter Highlights\n\n\n\nManufacturing sales revenues were, as expected, significantly lower\n compared to the same period of last year as manufacturing capacity was\n dedicated mainly towards executing internal projects; margins were\n negatively affected by higher than expected costs related to completing\n a significant oil sands project;\n\n\nMatting revenues increased driven by strong mat sales and mat rental\n demand; margins were negatively impacted by a more competitive pricing\n environment, higher lumber pricing affecting mat construction costs and\n by a shift in revenue mix;\n\n\nCamp rental and catering operations were impacted by the seasonality of\n Q2 and delay of a camp project that was expected to be generating\n revenue throughout the quarter but began operating towards the end of\n the period;\n\n\n\n\n\n\nSecond Quarter Financial Summary\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nThree months ended June 30\n\n\n \n\n\n \n\n\nSix months ended June 30\n\n\n\n\n(000's except per share amounts)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2014\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n \n\n\n%\nChange\n\n\n \n\n\n \n\n\n \n\n\n2014\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n \n\n\n%\nChange\n\n\n\n\nRevenue\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n96,094\n\n\n \n\n\n \n\n\n$\n\n\n148,426\n\n\n \n\n\n \n\n\n \n\n\n(35%)\n\n\n \n\n\n \n\n\n$\n\n\n218,305\n\n\n \n\n\n \n\n\n$\n\n\n288,385\n\n\n \n\n\n \n\n\n \n\n\n(24%)\n\n\n\n\nEBITDAS(1)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n15,496\n\n\n \n\n\n \n\n\n \n\n\n32,708\n\n\n \n\n\n \n\n\n&#xA0...

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