Business
Ten Peaks Coffee Company Inc. Reports Second Quarter and First Half Results for 2011
Six-Month Processing Volumes, Revenue, Gross Profit and Net Income All Up Over 2010 ...
About this update from Swiss Water Decaffeinated Coffee, Inc.
[{"type":"text","content":"\n\n\n\n\n\nSix-Month Processing Volumes, Revenue, Gross Profit and Net Income All\n Up Over 2010 \n\n\nTen Peaks Coffee Company Inc. will hold a conference call to discuss its\n financial results for the three and six months ended June 30, 2011 on\n Friday, August 5, 2011 at 8:00 am Pacific Time (11:00 am Eastern Time).\n To participate, please dial 1-888-231-8191 (toll free) or 647-427-7450\n (GTA and international) approximately five minutes before the call.  A\n replay will be available through Friday, August 19, 2011 at\n 1-855-859-2056 (toll free), 778-371-8506 or 416-849-0833, passcode:\n 87114739. In addition, a live and archived webcast can be accessed at http://www.investorcalendar.com/IC/CEPage.asp?ID=165499 or on Ten Peaks' website at www.tenpeakscoffee.ca\n\n\nVANCOUVER, Aug. 4, 2011 /CNW/ - Ten Peaks Coffee Company Inc. (\"Ten\n Peaks\" or \"the company\") today reported its financial results for the\n three and six months ended June 30, 2011. Ten Peaks holds all of the\n outstanding securities of Swiss Water Decaffeinated Coffee Company,\n Inc. (\"SWDCC\"), a premium green coffee decaffeinator located in\n Burnaby, BC. The results reported here are based on SWDCC's operating\n performance.\n\n\nPrior to the first quarter of this year, all of the outstanding\n securities of SWDCC were held by Swiss Water Decaffeinated Coffee\n Income Fund (the \"Fund\"). On January 1, 2011, the Fund was wound up\n into Ten Peaks, a newly formed company which was created to effect the\n Fund's conversion from an income trust to a corporation.\n\n\nOperating Results \n\nin $000s except per share amounts\n\n\n3 months Ended\n\n\n6 months Ended\n\n\n \n\n\nJune 30\n\n\nJune 30\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\nSales\n\n\n$ 14, 718\n\n\n \n\n\n$ 8,004\n\n\n \n\n\n$ 28,684\n\n\n \n\n\n$ 15,780\n\n\nGross Profit\n\n\n1,899\n\n\n \n\n\n1,328\n\n\n \n\n\n3,852\n\n\n \n\n\n2,587\n\n\nEBITDA(1)\n\n973\n\n\n \n\n\n1,025\n\n\n \n\n\n1,994\n\n\n \n\n\n2,247\n\n\nNet Income (loss)\n\n\n422\n\n\n \n\n\n(741)\n\n\n \n\n\n351\n\n\n \n\n\n(101)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nPer share amounts:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\...