Business
Tri-White Corporation announces third quarter 2007 results and regular eligible dividend of $0.06 per share
TSX:TWH TORONTO, Nov. 12 /CNW/ - Financial Highlights
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\n\n\nTSX:TWH\n\n\nTORONTO, Nov. 12 /CNW/ -\n\n\nFinancial Highlights\n\n\n-------------------------------------------------------------------------\n Three months ended Nine months ended\n --------------------------------------------\n(in thousands of dollars September September September September\n except per share amounts) 30, 2007 30, 2006 30, 2007 30, 2006\n-------------------------------------------------------------------------\nRevenue 96,992 25,723 141,416 40,373\n-------------------------------------------------------------------------\nEBITDA(1) 40,424 16,999 55,814 22,260\n-------------------------------------------------------------------------\nInterest and other\n income (expense) (6,194) (7) (7,572) (288)\n-------------------------------------------------------------------------\nEquity income (loss) 117 2,926 (2,239) 11,698\n-------------------------------------------------------------------------\nProvision for income taxes 12,631 4,037 17,924 7,950\n-------------------------------------------------------------------------\nNon-controlling interest 2,611 - 3,934 -\n-------------------------------------------------------------------------\nNet earnings 12,712 15,080 14,145 23,345\n-------------------------------------------------------------------------\nEarnings per share - basic $0.56 $0.66 $0.62 $1.02\n-------------------------------------------------------------------------\nWeighted average shares\n outstanding 22,800 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\n OF $0.06 PER SHARE TO BE PAID ON DECEMBER 31st TO SHAREHOLDERS\n OF RECORD AS AT DECEMBER 10TH\n\n\nT...