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Tri-White Corporation announces 2007 year end results
Stock Symbol: (TSX: TWH) TORONTO, March 13 /CNW/ - Tri-White Corporation announced today its fina...
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\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 amortization, non-controlling interest and earnings from equity\n accounted investments. Management believes that in addition to net\n earnings, this measure is useful supplemental information to provide\n investors with an indication of income available prior to debt\n service, capital expenditures and income taxes. Investors should be\n cautioned, however, that this measure should not be construed as an\n alternative to net earnings determined in accordance with GAAP as an\n indicator of the Company.\n\n\nNet ...