Business
Tri-White Corporation announces first quarter 2008 results and regular eligible dividend of $0.06 per share
TSX: TWH TORONTO, May 14 /CNW/ - Financial Highlights
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\n\n\nTSX: TWH\n\n\nTORONTO, May 14 /CNW/ -\n\n\nFinancial Highlights\n\n-------------------------------------------------------------------------\n Three Months Ended\n --------------------------\n(thousands of dollars except March 31, March 31,\n per share amounts) 2008 2007\n-------------------------------------------------------------------------\nRevenue 19,863 110\n-------------------------------------------------------------------------\nEBITDA(1) 2,991 (2,699)\n-------------------------------------------------------------------------\nInterest and other income (expense) (6,291) 241\n-------------------------------------------------------------------------\nEquity income (loss) 83 (1,100)\n-------------------------------------------------------------------------\nNon controlling interest (1,116) -\n-------------------------------------------------------------------------\nNet loss (5,765) (3,461)\n-------------------------------------------------------------------------\nTotal assets 664,788 147,479\n-------------------------------------------------------------------------\nShareholders' equity 99,510 106,227\n-------------------------------------------------------------------------\nBasic and diluted loss per share (0.25) (0.15)\n-------------------------------------------------------------------------\nWeighted average shares outstanding (000) 22,787 22,932\n-------------------------------------------------------------------------\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 TODAY, THE COMPANY ANNOUNCED THE REGULAR ELIGIBLE DIVIDEND OF $0.06\nPER SHARE TO BE PAID ON JUNE 30, 2008 TO SHAREHOLDERS OF RECORD AS AT\n JUNE 16, 2008.\n\n\nFirst Quarter Operating Highlights\n\n\nThe tourist operations at White Pass and Yuk...