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Superior Plus Income Fund - 2006 Fourth Quarter and Year-End Results
Superior Plus Income Fund - 2006 Fourth Quarter and Year-End Results.
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\nTSX: SPF.UN\n\n\nCALGARY, March 6 /CNW/ -\n\n\nFinancial Summary\n-------------------------------------------------------------------------\n Three Months Ended Years Ended\n(millions of dollars, except December 31 December 31\n per trust unit amounts) 2006 2005 2006 2005\n-------------------------------------------------------------------------\nFinancial\nOperating distributable cash\n flow before strategic\n plan costs\n Superior Propane 32.6 31.9 90.6 94.2\n ERCO Worldwide 20.0 24.2 75.7 93.1\n Winroc 10.7 8.7 34.6 30.2\n Superior Energy Management\n ("SEM") 3.0 1.8 10.3 5.3\n Discontinued operations\n - JW Aluminum ("JWA") 8.1 8.6 38.9 8.6\n-------------------------------------------------------------------------\n 74.4 75.2 250.1 231.4\nCorporate costs (2.4) (2.7) (6.4) (8.7)\nInterest (16.4) (12.5) (63.3) (35.7)\n-------------------------------------------------------------------------\nDistributable cash flow before\n strategic plan costs 55.6 60.0 180.4 187.0\nStrategic plan costs (5.3) - (19.7) -\n-------------------------------------------------------------------------\nDistributable cash flow 50.3 60.0 160.7 187.0\nDistributable cash flow per\n trust unit (before strategic\n plan costs), basic $0.65 $0.70 $2.11 $2.35\nDistributable cash flow per\n trust unit, basic $0.59 $0.70 $1.88 $2.35\nAverage number of trust units\n outstanding (millions) 85.5 85.4 85.5 79.7\n-------------------------------------------------------------------------\nOperating\nPropane retail sales volumes\n (millions of litres) 407 420 1,386 1,468\nPropane retail sales margin\n (cents per litre) 14.6 15.5 15.1 15.8\nTotal chemical sales (thousands\n of metric tonnes "MT") 191 205 756 742\nAverage chemical selling price\n (dollar per MT) 554 545 540 550\nNatural gas sold (millions of\n gigajoules "GJ") 10 9 40 37\nNatural gas sales margin\n (cents per GJ) 62.0 47.8 54.3 39.2\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\nMessage from Chairman and CEO to Unitholders\nFor Superior Plus, 2006 was undoubtedly the most challenging in the\nhistory of the Fund and a very difficult period for us and our fellow\nunitholders, following nine consecutive years of solid growth and prosperity.\nIn May 2006, t...