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Canadian Equipment Rental Fund Limited Partnership Announces March 31, 2011 Results
Jun. 24, 2011 (Canada NewsWire Group) -- TSX Venture Symbol: CFL.UN CALGARY, June 24, 201...
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[{"type":"text","content":"\n\n\n Jun. 24, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Symbol: CFL.UN\n\n\nCALGARY, June 24, 2011 /CNW/ - Mr. Wayne Wadley, President of CERF GP\n Corp., the general partner of Canadian Equipment Rental Fund Limited\n Partnership ("CERF" or the "Partnership"), is pleased to announce the\n results for the three months ended March 31, 2011.\n\n\nFull details of the Partnership's results, in the form of the unaudited\n condensed interim consolidated financial statements and notes thereto\n for the three months ended March 31, 2011 and Management's Discussion\n and Analysis of the results dated June 23, 2011 are available on SEDAR\n at www.sedar.com and on the Partnership's website www.cerflp.com .\n\n\nHighlights of the three months ended March 31, 2011 were:\n\n\n\nRevenue for the quarter ended March 31, 2011 increased 31% when compared\n to revenue for the same quarter of 2010.\n\n\n\n\nEBITDA increased 15% compared to the first quarter of 2010.\n\n\n\n\nNet income per limited partnership unit was $0.06, in comparison to the\n 2010 net income per unit of $0.08.\n\n\n\n\nThe Partnership distributed $0.06 per unit to unit holders of record as\n at March 31, 2011.\n\n\n\nOn April 29, 2011 the acquisition of Maplethorpe Contractors Ltd. was\n completed.\n\n\nThe board of directors of CERF GP Corp. general partner for Canadian\n Equipment Rental Fund Limited Partnership is pleased to announce that\n David Maplethorpe, CEO and founder of Maplet...