Tri-White Corporation announces second quarter 2008 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. 13 /CNW/ -\n\n\nFinancial Highlights\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) 2008 2007 2008 2007\n-------------------------------------------------------------------------\nRevenue 63,151 44,314 83,014 44,424\n-------------------------------------------------------------------------\nEBITDA(1) 16,625 18,089 19,616 15,390\n-------------------------------------------------------------------------\nInterest, net and other expense 6,245 1,713 12,536 1,472\n-------------------------------------------------------------------------\nEquity income (loss) 424 (1,256) 507 (2,356)\n-------------------------------------------------------------------------\nNon-controlling interest 143 (1,323) 1,259 (1,323)\n-------------------------------------------------------------------------\nNet earnings (loss) 2,429 4,894 (3,336) 1,433\n-------------------------------------------------------------------------\nTotal assets 668,918 690,185\n-------------------------------------------------------------------------\nShareholders' Equity 100,297 103,213\n-------------------------------------------------------------------------\nBasic and diluted earnings\n (loss) per share $0.10 $0.21 $(0.15) $0.06\n-------------------------------------------------------------------------\nWeighted average shares\n outstanding (000) 22,853 22,875\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\nTODAY, THE COMPANY ANNOUNCED THE REGULAR DIVIDEND OF $0.06 PER SHARE...

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