Business
Swiss Water Decaffeinated Coffee Income Fund Reports 2008 Fourth Quarter and Annual Results
Swiss Water Decaffeinated Coffee Income Fund will hold a conference call and webcast to discuss 2...
About this update from Swiss Water Decaffeinated Coffee, Inc.
[{"type":"text","content":"\n\n\n\nSwiss Water Decaffeinated Coffee Income Fund will hold a conference call\nand webcast to discuss 2008 fourth quarter and annual financial results,\nand corporate developments on Tuesday, March 17, 2009 at 8:00 am Pacific\nTime (11:00 am Eastern Time). To participate, please dial 1-800-594-3615\n(toll free) or (416) 644 3418 (GTA and international) approximately five\nminutes before the call. A replay will be available through March 31,\n2009 at 1-877-289-8525 (toll free) or (416) 640-1917 (GTA and\ninternational) passcode: 21301136 followed by the number sign.\n\nIn addition, a live and archived webcast can be accessed at\nhttp://www.investorcalendar.com/IC/CEPage.asp?ID(equal sign)142043 or on\nthe company's website at www.swisswater.com\n\nTRADING SYMBOL: The Toronto Stock Exchange - SWS.UN\n\n\nVANCOUVER, March 16 /CNW/ - Swiss Water Decaffeinated Coffee Income Fund\n("the Fund") today reported financial results for the three and 12 months\nended December 31, 2008. The three-month period represents the fourth quarter\nof its 2008 fiscal year. The Fund holds all of the outstanding securities of\nSwiss Water Decaffeinated Coffee Company, Inc. ("SWDCC" or "the company") and\nits results are dependent on the operating results of SWDCC.\n\n\nOperating Results\n\nIn $000's except 3 Months Ended Year Ended\n per unit amounts December 31 December 31\n 2008 2007 2008 2007\n -------------------------------------------\n\nSales $ 8,994 $ 8,680 $ 32,606 $ 31,064\nGross profit 2,391 2,860 7,931 10,800\nEBITDA(1) 1,995 1,869 7,011 6,808\nNet (loss) income (19,635) 837 (16,011) 5,180\nAdjusted distributable cash(1) 1,451 2,143 6,608 7,109\nDistributions paid 1,501 1,502 6,007 5,924\nPer unit amounts:\n-----------------\nNet (loss) income per unit (2.941) 0.125 (2.399) 0.776\nAdjusted distributable cash\n generated per unit(1) 0.217 0.321 0.990 1.065\nDistributions paid per unit(1) 0.225 0.225 0.900 0.887\n\n\n(1) EBITDA, adjusted distributable cash and adjusted distributable cash\n per unit are non-GAAP financial measures that are defined in the\n Management's Discussion and Analysis to be posted on SEDAR on or\n before March 11, 2009.\n\n\nDuring the fourth quarter of 2008, SWDCC's revenues grew by 3.6% over the\nsame period of 2007. This was related to a shift in the company's business mix\ntoward non...