Business
Tri-White Corporation announces 2006 year end results and regular dividend of $0.06 per share
Tri-White Corporation announces 2006 year end results and regular dividend of $0.06 per share.
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\n\n\nTSX: TWH\n\n\nTORONTO, March 1 /CNW/ - Tri-White Corporation ("Tri-White" or the\n"Company") (TSX: TWH) today announced its financial results for the quarter\nand year ending December 31, 2006.\n\n\nDuring the year:\n\n- EBITDA for 2006 was up $0.2 million over 2005;\n- White Pass achieved increased passenger capture rates and operating\n margins; and\n- Cash flow increased as a result of dividends received from equity\n investments in ClubLink and Renasant of $1.1 million and\n $22.2 million, respectively.\n\n\nFinancial Highlights\n\n-------------------------------------------------------------------------\n Year Ended\n-------------------------------------------------------------------------\n(in thousands of dollars except December 31, December 31,\n per share amounts) 2006 2005\n-------------------------------------------------------------------------\nRevenue 40,506 41,531\n-------------------------------------------------------------------------\nEBITDA 18,589 18,353\n-------------------------------------------------------------------------\nInterest and other income (expense) (195) 2,506\n-------------------------------------------------------------------------\nEquity earnings 11,403 1,530\n-------------------------------------------------------------------------\nProvision for income taxes (6,704) (8,071)\n-------------------------------------------------------------------------\nNet earnings 18,071 12,192\n-------------------------------------------------------------------------\nEarnings per share - basic $0.78 $0.53\n-------------------------------------------------------------------------\nWeighted average shares outstanding 22,933 22,900\n-------------------------------------------------------------------------\n\n\nNote: EBITDA is not a recognized performance measure under Canadian GAAP.\n\n\nEBITDA is defined as earnings before interest, taxes, depreciation,\n\n\namortization and earnings from equity accounted investments. Management\n\n\nbelieves that in addition to net earnings, this measure is useful\n\n\nsupplemental information to provide investors with an indication of\n\n\nincome available prior to debt service, capital expenditures and income\n\n\ntaxes. Investors should be cautioned, however, that this measure should\n\n\nnot be construed as an alternative to net earnings det...