Horizon North Logistics Inc. Announces Results For The Quarter Ended September 30, 2011

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[{"type":"text","content":"\n\n\n\n\n\nTSX Symbol: HNL\n\n\nCALGARY, Nov. 2, 2011 /CNW/ - Horizon North Logistics Inc. (\"Horizon\" or\n the \"Corporation\") reported its financial and operating results for the\n three and nine months ended September 30, 2011 and 2010.\n\n\nThird Quarter Highlights\n\n\nConsolidated revenues and EBITDAS increased significantly as compared to\n the same period of 2010 as a result of strong performance in the\n following segments;\n\n\nThe Camps & Catering segment revenue increased by 64% as compared to the\n same period of 2010, led by rental and catering activity closely\n followed by camp and space sales and the associated service revenue.\n These higher levels of activity drove EBITDAS to increase by 84% as\n compared to the same period of 2010; and\n\n\nThe Matting segment revenue increased by 111% as compared to the same\n period of 2010. The increase was primarily in mat sales from continued\n strong customer demand. As a result of the strong sales, EBITDAS\n increased by 69% as compared to the same period of 2010.\n\n\nFinancial 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\nThree months ended September 30\n\n\n \n\n\nNine months ended September 30\n\n\n(000's except per share amounts)\n\n\n \n\n\n \n\n\n            2011\n\n\n \n\n\n \n\n\n            2010(4)\n\n\n \n\n\n \n\n\n \n\n\n% Change\n\n\n \n\n\n \n\n\n            2011\n\n\n \n\n\n \n\n\n            2010(4)\n\n\n \n\n\n \n\n\n \n\n\n% Change\n\n\nRevenue\n\n\n \n\n\n$\n\n\n      102,298\n\n\n \n\n\n$\n\n\n      64,892\n\n\n \n\n\n \n\n\n \n\n\n      58%\n\n\n \n\n\n$\n\n\n      292,064\n\n\n \n\n\n$\n\n\n      154,238\n\n\n&...

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