Business
TerraVest announces 2013 year-end financial results and increases quarterly dividend by 25% to $0.10
VEGREVILLE, AB , Dec. 12, 2013 /CNW/ - TerraVest Capital Inc. (TSX: TVK ) is pleased to a...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\nVEGREVILLE, AB, Dec. 12, 2013 /CNW/ - TerraVest Capital Inc. (TSX: TVK) is pleased to announce the financial results for the nine month fiscal\n year ended September 30, 2013, the first report since its change of\n year-end. TerraVest also announces that the Board of Directors of\n TerraVest Capital has increased its quarterly dividend by 25% to $0.10\n per share.\n\n\nFINANCIAL INFORMATION\n\n\nAll amounts in this news release are stated in thousands of Canadian\n dollars, except per share or per unit data.\n\n\nFor the nine month fiscal period ended September 30, 2013 and the year\n ended December 31, 2012 TerraVest reported:\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\n\nFINANCIAL PERFORMANCE\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 \n\n\n     \n\n\n  Nine months ended \nSeptember 30, 2012\n\n\n \n\n\n \n\n\nYear ended\nDecember 31,2012\n\n\n\n\nRevenue\n\n\n \n\n\n      $\n\n\n46,857\n\n\n \n\n\n$\n\n\n70,914\n\n\n\n\nEBITDA (Note 1)\n\n\n \n\n\n       \n\n\n8,513\n\n\n \n\n\n \n\n\n14,046\n\n\n\n\nNet income and comprehensive income\n\n\n \n\n\n       \n\n\n3,945\n\n\n \n\n\n \n\n\n2,946\n\n\n\n\nFree cash flow (Note 1)\n\n\n \n\n\n       \n\n\n9,314\n\n\n \n\n\n \n\n\n9,129\n\n\n\n\nIncome per Share - basic and diluted attributed to common shares\n\n\n \n\n\n      $\n\n\n0.29\n\n\n \n\n\n$\n\n\n0.17\n\n\n\n\nFINANCIAL POSITION\n\n\n \n\n\n \n\n\nSeptember 30, 2013\n\n\n \n\n\n \n\n\nDecember 31, 2012\n\n\n\n\nWorking capital  (Note 1)\n\n\n \n\n\n$\n\n\n9,162\n\n\n \n\n\n$\n\n\n7,592\n\n\n\n\nProperty, plant and equipment\n\n\n \n\n\n \n\n\n32,965\n\n\n \n\n\n \n\n\n32,885\n\n\n\n\nTotal assets\n\n\n \n\n\n \n\n\n71,910\n\n\n \n\n\n \n\n\n77,283\n\n\n\n\nLong-term debt (non-current portion)\n\n\n \n\n\n \n\n\n3,014\n\n\n \n\n\n \n\n\n3,700\n\n\n\n\nShareholders' equity\n\n\n \n\n\n \n\n\n44,954\n\n\n \n\n\n \n\n\n44,402\n\n\n\n\nNote 1: Refer to Management Discussion and Analysis dated December 11,\n 2013 for definit...