Business
Tri-White Corporation announces third quarter 2008 results and regular 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(in thousands of dollars Three months ended Nine months ended\nexcept per share amounts) -------------------------------------------\n September September September September\n 30, 2008 30, 2007 30, 2008 30, 2007\n-------------------------------------------------------------------------\nRevenue 95,355 96,992 178,369 141,416\n-------------------------------------------------------------------------\nEBITDA (1) 41,229 40,424 60,845 55,814\n-------------------------------------------------------------------------\nInterest, net and other\n expense 6,448 6,293 18,984 7,765\n-------------------------------------------------------------------------\nEquity income (loss) (218) 117 289 (2,239)\n-------------------------------------------------------------------------\nNon-controlling interest (3,003) (2,611) (1,744) (3,934)\n-------------------------------------------------------------------------\nNet earnings 14,544 12,712 11,208 14,145\n-------------------------------------------------------------------------\nTotal assets 661,078 671,062\n-------------------------------------------------------------------------\nShareholders' Equity 113,978 111,434\n-------------------------------------------------------------------------\nBasic earnings per share $0.64 $0.56 $0.49 $0.62\n-------------------------------------------------------------------------\nWeighted average shares\n outstanding (000) 22,877 22,800\n-------------------------------------------------------------------------\n\n(1) EBITDA is not a recognized performance measure under Canadian GAAP.\nEBITDA is defined as earnings before taxes, interest, depreciation,\namortization, non-controlling interest and earnings from equity accounted\ninvestments. Management believes that in addition to net earnings, this\nmeasure is useful supplemental information to provide investors with an\nindication of income available prior to debt service, capital\nexpenditures and income taxes. Investors should be cautioned, however,\nthat this measure should not be construed as an alternative to net\nearnings determined in accordance with GAAP as an indicator of the\nCompany.\n\n\n TODAY, THE COMPANY ANNOUNCED THE REGULAR DIVIDEND OF $0.06 PER\n SHA...