Business
Swiss Water Decaffeinated Coffee Income Fund Reports Third Quarter 2008 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 third quarter and nine-month financial\nresults, and corporate developments on November 12, 2008 at 8:00 am\nPacific Time (11:00 am Eastern Time). To participate, please dial\n1-800-814-4853 (toll free) or 416-646-3095 (GTA and international)\napproximately five minutes before the call. A replay will be available\nthrough November 26, 2008 at 1-877-289-8525 (toll free) or 416-640-1917\n(GTA and international) passcode: 21287972 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)136980 or on\nthe company's website at www.swisswater.com\n\nTRADING SYMBOL: The Toronto Stock Exchange - SWS.UN\n\n\nVANCOUVER, Nov. 10 /CNW/ - Swiss Water Decaffeinated Coffee Income Fund\n("the Fund") today reported financial results for the three and nine months\nended September 30, 2008. The three-month period represents the third 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 $000s except 3 months ended 9 months ended\n per unit amounts September 30 September 30\n 2008 2007 2008 2007\n -------------------------------------------\n\nSales $ 7,677 $ 7,705 $ 23,611 $ 22,384\nGross profit(1) 1,472 2,541 5,542 7,940\nEBITDA(2) 1,355 1,518 5,016 4,940\nNet income 1,843 1,240 3,623 4,343\nAdjusted distributable cash(2) 934 1,606 5,157 4,940\nDistributions paid 1,502 1,502 4,506 4,422\nPer unit amounts:\n-----------------\nNet income per unit 0.276 0.186 0.543 0.651\nAdjusted distributable cash\n generated per unit(2) 0.140 0.241 0.773 0.740\nDistributions paid per unit(2) 0.225 0.225 0.675 0.662\n\n\n(1) Gross profit reporting was changed in Q3 2008 to conform to new\n accounting requirements for inventory and cost of goods reporting.\n The change applies to 2008 results only and includes certain overhead\n and plant and machinery depreciation expenses previously reported\n below the gross profit line. The Q1 and Q2 2008 gross profit results\n were reclassified in Q3 2008 to conform to the new requirements.\n Cons...