Business
Swiss Water Decaffeinated Coffee Income Fund Reports Second Quarter Results
Swiss Water Decaffeinated Coffee Income Fund Reports Second Quarter Results.
About this update from Swiss Water Decaffeinated Coffee, Inc.
[{"type":"text","content":"\n\n\n\nTRADING SYMBOL: The Toronto Stock Exchange - SWS.UN\n\n\nSwiss Water Decaffeinated Coffee Income Fund will hold a conference\n\n\ncall and webcast to discuss 2007 second quarter and first half results\n\n\non August 9, 2007 at 8:00 am Pacific Time (11:00 am Eastern). The\n\n\ncall can be accessed by dialing: 1-866-249-2157 or 416-644-3427. A\n\n\nreplay will be available through August 23, 2007 at: 1-877-289-8525\n\n\nor 416-640-1917 (Passcode: 21230900 followed by the number sign).\n\n\nThe live and archived webcast can be accessed at:\n\n\nhttp://www.vcall.com/IC/CEPage.asp?ID(equal sign)116584 or on the Fund's\n\n\nwebsite at www.swisswater.com.\n\n\nVANCOUVER, Aug. 8 /CNW/ - Swiss Water Decaffeinated Coffee Income Fund\n("the Fund") today reported financial results for the three and six months\nended June 30, 2007. The three-month period represents the second quarter of\nits 2007 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\n(Unaudited)\n\nIn $000s except per unit amounts 3 months ended 6 months ended\n June 30 June 30\n 2007 2006 2007 2006\n --------------------------------\n\nSales 7,618 8,027 14,679 17,360\nGross profit 2,445 2,757 5,399 6,818\nEBITDA(1) 1,410 1,754 3,421 4,679\nNet income 1,586 1,303 3,103 3,438\nAdjusted distributable cash(1) 1,358 1,613 3,221 4,369\nDistributions paid 1,502 1,418 2,920 2,836\nPer unit amounts:\n-----------------\nNet Income per unit 0.238 0.195 0.465 0.515\nAdjusted distributable cash generated\n per unit(1) 0.203 0.242 0.483 0.655\nDistributions paid per unit(1) 0.225 0.212 0.437 0.425\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 second quarter Management's Discussion and Analysis to be posted on\n SEDAR on or before August 8, 2007.\n\nIn the second quarter and first half of 2007, SWDCC's sales were down by\n5.1% and 15.4% respectively over the same periods of 2006. The lower sales\nlevels are due to several factors:\n\n- The company entered 2006 with a substantial order backlog from the\n fourth quarter of 2005, when its new production line was not yet in\n full oper...