Business
/C O R R E C T I O N from Source - Tri-White Corporation/
In c3963 transmitted on March 13, 2008, an error occurred in the last sentence of the Corporate D...
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\n\n\nIn c3963 transmitted on March 13, 2008, an error occurred in the last\n\n\nsentence of the Corporate Development section. The sentence that read\n\n\n"The dividend for the first quarter will be paid on March 31, 2008 to\n\n\nshareholders of record on March 17, 2008" should have read "The dividend\n\n\nfor the first quarter will be paid on March 31, 2008 to shareholders of\n\n\nrecord on March 14, 2008" - Corrected copy follows:\n\n\nTri-White Corporation announces 2007 year end results\n\n\nStock Symbol: (TSX: TWH)\n\n\nTORONTO, March 13 /CNW/ - Tri-White Corporation announced today its\nfinancial results for the quarter and year ending December 31, 2007.\n\n\nFinancial Highlights\n\n-------------------------------------------------------------------------\n Three months ended Year ended\n(in thousands of ---------------------------------------------------\n dollars except per December December December December\n share amounts) 31, 2007 31, 2006 31, 2007 31, 2006\n-------------------------------------------------------------------------\nRevenue 27,364 133 168,780 40,506\n-------------------------------------------------------------------------\nEBITDA(1) 1,505 (3,671) 57,319 18,589\n-------------------------------------------------------------------------\nInterest and other\n income (expense) (8,919) 535 (16,491) 247\n-------------------------------------------------------------------------\nEquity income (loss) 82 (295) (2,157) 11,403\n-------------------------------------------------------------------------\nProvision for (recovery\n of) income taxes (7,400) (1,246) 10,524 6,704\n-------------------------------------------------------------------------\nNon-controlling interest (534) - 3,400 -\n-------------------------------------------------------------------------\nNet earnings (loss) (5,276) (5,274) 8,869 18,071\n-------------------------------------------------------------------------\nEarnings (loss) per\n share - basic ($0.23) ($0.23) $0.39 $0.79\n-------------------------------------------------------------------------\nWeighted average shares\n outstanding 22,784 22,933\n-------------------------------------------------------------------------\n(1) EBITDA is not a recognized performance measure under Canadian GAAP.\n EBITDA is defined as earnings before taxes, interest, depreciation,\n a...