Business
CERF INCORPORATED Announces Solid Revenue Growth for the Third Quarter of 2012
TSX Venture Symbol: CFL CALGARY, Nov. 28, 2012 /CNW/ - Mr. Wayne Wadley, President of C...
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\n\n\nTSX Venture Symbol: CFL\n\n\nCALGARY, Nov. 28, 2012 /CNW/ - Mr. Wayne Wadley, President of CERF\n Incorporated (the \"Company\" or \"CERF Inc.\"), is pleased to announce the\n results for the three and nine months ended September 30, 2012.\n\n\nFull details of the Company's results, in the form of the unaudited\n condensed consolidated interim financial statements and notes thereto\n for the three and nine months ended September 30, 2012 and Management's\n Discussion and Analysis of the results dated November 27, 2012 are\n available on SEDAR at www.sedar.com and on the Company's website at www.cerfcorp.com.\n\n\nSummary of Third Quarter and Year to Date Consolidated Financial\n Results:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nIn C$,000'sexcept percentages and per shares data\n\n\nQ32012\n\n\nQ32011\n\n\n$change\n\n\n% \n\n\nYTD 2012\n\n\nYTD2011\n\n\n$change\n\n\n%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenue\n\n\n7,759\n\n\n7,010\n\n\n749\n\n\n11%\n\n\n22,518\n\n\n17,688\n\n\n4,470\n\n\n27%\n\n\nDirect Expenses\n\n\n6,519\n\n\n5,464\n\n\n1,055\n\n\n19%\n\n\n18,814\n\n\n13,536\n\n\n5,278\n\n\n39%\n\n\nGross Margin %\n\n\n16%\n\n\n22%\n\n\n \n\n\n(6)%\n\n\n16%\n\n\n23%\n\n\n \n\n\n(7)%\n\n\nNet Income (Loss)\n\n\n(625)\n\n\n388\n\n\n(1,013)\n\n\n(261)%\n\n\n(407)\n\n\n1,158\n\n\n(1,565)\n\n\n(135)%\n\n\nAdjusted EBITDA\n\n\n1,394\n\n\n2,157\n\n\n(763)\n\n\n(35)%\n\n\n4,589\n\n\n5,497\n\n\n(908)\n\n\n(17)%\n\n\nAdjusted Free Cash Flow\n\n\n1,123\n\n\n993\n\n\n130\n\n\n13%\n\n\n1,222\n\n\n1,937\n\n\n(715)\n\n\n(37)%\n\n\nTrailing 12 Month(T12M)payout ratio \n\n\n73%\n\n\n69%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nT12M dividend per share\n\n\n$0.24\n\n\n$0.24\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n\nHighlights of the quarter include:\n\n\nRevenue increased 11% to $7,759,456 for the three months ended September\n 30, 2012 versus the corresponding period in 2011 and 27% to $22,517,927\n for the nine months ended September 30, 2012 versus the corresponding\n period in 2011;\n\n\nEquipment Rental Business revenue increased 6% for Q3 2012, to\n $3,893,636, versus the corresponding period in...