Business
ShawCor Ltd. announces second quarter results
ShawCor Ltd. announces second quarter results.
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Aug. 2 /CNW/ -\n\n\nFinancial Summary\n\n(In thousands of\n Canadian dollars Three Months Ended Six Months Ended\n except per share Jun. 30 Jun. 30\n amounts) 2007 2006 2007 2006\n-------------------------------------------------------------------------\nOperating Results Restated Restated\nRevenue $ 276,440 $ 269,433 $ 497,769 $ 531,980\nEBITDA (note 1) 57,050 44,513 95,457 92,157\nOperating income from\n continuing operations 47,036 35,835 75,008 73,313\nIncome from continuing\n operations 30,267 24,898 53,575 49,653\nIncome (loss) from\n discontinued\n operations (48) (192) (103) (227)\nNet income (loss) 30,219 24,706 53,472 49,426\n\nNet income (loss)\n per share (Class A\n and B) - Basic\n Continuing\n operations 0.41 0.34 0.73 0.67\n Discontinued\n operations 0.00 0.00 0.00 0.00\n Total 0.41 0.34 0.73 0.67\n\nNet income (loss)\n per share (Class A\n and B) - Diluted\n Continuing\n operations 0.41 0.34 0.72 0.67\n Discontinued\n operations 0.00 0.00 0.00 0.00\n Total 0.41 0.34 0.72 0.67\n-------------------------------------------------------------------------\nCash Flow\nCash from continuing\n operating activities 30,828 29,599 54,107 78,151\nPurchases of property,\n plant and equipment 23,868 13,008 39,361 19,881\n-------------------------------------------------------------------------\nFinancial Position\nWorking capital 284,231 300,979\nTotal assets 921,442 959,116\nShareholders' equity\n per share (Class A\n and B) $ 8.08 $ 6.16\n-------------------------------------------------------------------------\n\nNote 1: EBITDA is a non-GAAP measure calculated by adding back to income\nfrom continuing operations, the sum of interest (income)/expense, taxes\nand depreciation/amortization. EBITDA does not have a standardized\nmeaning prescribed by GAAP and is not necessarily comparable to similar\nmeasures prescribed by other companies. EBITDA is used by many analysts\nin the oil and gas industry as one of several important analytical tools.\nNote 2: Shareholders' equity per share is a non-GAAP measure calculated\nby dividing shareholders' equity by the number of Class A and Class B\nshares outstanding at the date of the balance sheet.\nNote 3: During the fourth quarter of 2006, ShawCor Ltd. adopted the\nproportionate consolidation method of accounting for its 30% investment\nin the Ara...