Business
Canadian Equipment Rental Fund Limited Partnership Results for the Third Quarter 2010
Canadian Equipment Rental Fund Limited Partnership Results for the Third Quarter 2010
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[{"type":"text","content":"\n\n\n\n Nov. 26, 2010 (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, Nov. 26 /CNW/ - Mr. Wayne Wadley, president of CERF GP Corp.,\n 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 and nine months ended September 30, 2010.\n\n\nFull details of the Partnership's results, in the form of the unaudited\n financial statements for the three and nine months ended September 30,\n 2010 and Management's Discussion and Analysis of the results dated\n November 25, 2010 are available on SEDAR at www.sedar.com and on the Partnership's website www.cerflp.com.\n\n\nHighlights of the nine months ended September 30, 2010 were:\n\n\n\nRevenue for the three months ended September 30, 2010 was $3,275,339 up\n 28% over the three months ended September 30, 2009.\n\n\n\n\nRevenue for the nine months was $10,013,343 up 2.5% over the nine months\n ended September 30, 2009.\n\n\n\n\nNet loss per unit of $0.05 basic.\n\n\n\n\nEBITDA for the nine month period was $3,139,869\n\n\n\n\nEBITDA per unit of $0.53 basic.\n\n\n\n\nDistributions of $0.18 per unit were declared for the nine months.\n\n\n\nFORWARD LOOKING STATEMENTS\n\n\nThis press release contains forward looking statements subject to\n various risk factors and uncertainties, which may cause the actual\n results, performances, cash flows or the ability to pay distributions\n to be mat...