Business
Exco Technologies Limited - Fourth Quarter ended September 30, 2010 - Quarterly Dividend Declared
Exco Technologies Limited - Fourth Quarter ended September 30, 2010 - Quarterly Dividend Declared
About this update from Exco Technologies Limited
[{"type":"text","content":"\n\n\n\n Nov. 25, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 25 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced results for its fourth quarter ended September 30, 2010.\n In addition, the Company announced that its quarterly cash dividend\n will be increased 25% to $0.025 per share and will be paid December 23,\n 2010 to shareholders of record on December 15, 2010. The dividend is an\n "eligible dividend" in accordance with the Income Tax Act of Canada.\n\n\n\n\n\n\n \n\n\n \n\nTwelve Months ended\n\n\nThree Months ended\n\n\n\n \n\nSeptember 30\n\n\nSeptember 30\n\n\n\n\n \n\n\n($000s, except per share amounts)\n\n\n\n\n \n\n2010\n\n\n2009\n\n\n2010\n\n\n2009\n\n\n\n\nSales\n\n\n165,512\n\n\n143,716\n\n\n45,929\n\n\n37,694\n\n\n\n\nNet income (loss)\n\n\n10,077\n\n\n(17,666)\n\n\n2,449\n\n\n364\n\n\n\n\nBasic and diluted earnings (loss) per share\n\n\n$0.25\n\n\n($0.43)\n\n\n$0.06\n\n\n$0.01\n\n\n\n\nCommon shares outstanding\n\n\n   40,912,823\n\n\n   40,666,176\n\n\n   40,912,823\n\n\n   40,666,176\n\n\n\n\n\n\n\n\n\n\n\n\nIn the fourth quarter sales were $45.9 million - a $8.2 million or 21.8%\n increase over $37.7 million in the prior year. This marks the\n continuation of an improving sales trend which has seen sales improve\n for four consecutive quarters. The Casting and Extrusion segment\n recorded higher sales of $30.1 million compared to $26.0...