Business
Tri-White Corporation announces first quarter 2007 results and regular dividend of $0.06 per share
Tri-White Corporation announces first quarter 2007 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, May 10 /CNW/ -\n\n\nFinancial Highlights\n\n-------------------------------------------------------------------------\n Three months ended\n --------------------------\n(in thousands of dollars March 31, March 31,\n except per share amounts) 2007 2006\n-------------------------------------------------------------------------\nRevenue 110 118\n-------------------------------------------------------------------------\nEBITDA(1) (2,699) (2,575)\n-------------------------------------------------------------------------\nInterest and other income (expense) 241 (385)\n-------------------------------------------------------------------------\nEquity earnings (loss) (1,100) (1,178)\n-------------------------------------------------------------------------\nRecovery of income taxes 985 730\n-------------------------------------------------------------------------\nNet loss (3,461) (4,210)\n-------------------------------------------------------------------------\n Loss per share ($0.15) ($0.18)\n-------------------------------------------------------------------------\nWeighted average shares outstanding 22,932 22,931\n-------------------------------------------------------------------------\n\n(1) EBITDA is not a recognized performance measure under Canadian GAAP.\nEBITDA is defined as earnings before taxes, interest, depreciation,\namortization and earnings from equity accounted investments. Management\nbelieves that in addition to net earnings, this measure is useful\nsupplemental information to provide investors with an indication of\nincome available prior to debt service, capital expenditures and income\ntaxes. Investors should be cautioned, however, that this measure should\nnot be construed as an alternative to net earnings determined in\naccordance with GAAP as an indicator of the Company.\n\n TODAY, THE COMPANY ANNOUNCED THE REGULAR DIVIDEND OF $0.06 PER\n SHARE TO BE PAID ON JUNE 29TH TO SHAREHOLDERS OF RECORD\n AS AT JUNE 11TH\n\n\nFirst Quarter Operating Highlights\n\n\nThe tourist operations at White Pass & Yukon Route ("White Pass") and the\ngolf operations of the Company's equity accounted investment in ClubLink\nCorporation ("ClubLink") are highly seasonal. The majority of the revenue and\nearnings from these businesses occur during the third quarter of the year.\nAcc...