Business
Tri-White Corporation announces second quarter 2007 results and regular dividend of $0.06 per share
Tri-White Corporation announces second 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, Aug. 10 /CNW/ -\n\n\nFinancial Highlights\n\n\n-------------------------------------------------------------------------\n Three months ended Six months ended\n ------------------------------------------\n(in thousands of dollars June 30, June 30, June 30, June 30,\n except per share amounts) 2007 2006 2007 2006\n-------------------------------------------------------------------------\nRevenue 44,314 14,532 44,424 14,650\n-------------------------------------------------------------------------\nEBITDA(1) 18,089 7,836 15,390 5,261\n-------------------------------------------------------------------------\nInterest and other\n income (expense) (2,170) 103 (1,929) (282)\n-------------------------------------------------------------------------\nEquity earnings (loss) (1,256) 9,950 (2,356) 8,772\n-------------------------------------------------------------------------\nProvision for income taxes 6,278 4,644 5,293 3,913\n-------------------------------------------------------------------------\nNon-controlling interest (1,323) - (1,323) -\n-------------------------------------------------------------------------\nNet earnings 4,894 12,473 1,433 8,264\n-------------------------------------------------------------------------\nEarnings per share $0.21 0.54 0.06 $0.36\n-------------------------------------------------------------------------\nWeighted average shares\n outstanding 22,827 22,933 22,875 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 and earnings from equity accounted investments.\n Management believes that in addition to net earnings, this measure is\n useful supplemental information to provide investors with an\n indication of income available prior to debt service, capital\n expenditures and income taxes. Investors should be cautioned,\n however, that this measure should not be construed as an alternative\n to net earnings determined in accordance with GAAP as an indicator of\n the Company.\n\n TODAY, TRI-WHITE CORPORATION ANNOUNCED THE REGULAR DIVIDEND OF\n $0.06 PER SHARE TO BE PAID ON SEPTEMBER 28TH TO SHAREHOLDERS OF\n RECORD AS AT SEPTEMBER 10TH\n\n\nSecond Quarter Operating Highlights\n\n\n...