Business
CERF INCORPORATED Announces Strong Results for the Fourth Quarter and Year Ended December 31, 2012
TSX Venture Symbol: CFL CALGARY, April 25, 2013 /CNW/ - Mr. Wayne Wadley, President of CE...
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\n\n\nTSX Venture Symbol: CFL\n\n\nCALGARY, April 25, 2013 /CNW/ - Mr. Wayne Wadley, President of CERF\n Incorporated (the \"Company\" or \"CERF Inc.\"), is pleased to announce the\n results for the fourth quarter and year ended December 31, 2012.\n\n\nFull details of the Company's results, in the form of the audited\n consolidated financial statements and notes thereto for the year ended\n December 31, 2012 and Management's Discussion and Analysis of the\n results dated April 24, 2013 are available on SEDAR at www.sedar.com and on the Company's website at www.cerfcorp.com.\n\n\nSummary of fourth Quarter and Year to Date Consolidated Financial\n Results:\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nIn C$,000's \n\n \n \n \n \n \n \n \n \n\n\n\nexcept \n\n \n \n \n \n \n \n \n \n\n\n\npercentages \n\n\nQ4\n\n\nQ4\n\n\n$\n\n\n%\n\n\nYTD\n\n\nYTD\n\n\n$\n\n\n%\n\n\n\n\nand per shares \n\n \n \n \n \n \n \n \n \n\n\n\ndata\n\n\n2012\n\n\n2011\n\n\nchange\n\n \n\n2012\n\n\n2011\n\n\nchange\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\n\n\nRevenue\n\n\n11,252\n\n\n8,922\n\n\n2,330\n\n\n26%\n\n\n33,770\n\n\n26,610\n\n\n7,160\n\n\n27%\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nDirect Expenses\n\n\n6,647\n\n\n5,772\n\n\n875\n\n\n15%\n\n\n26,882\n\n\n19,802\n\n\n5,278\n\n\n39%\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nGross Margin %\n\n\n41%\n\n\n36%\n\n\n \n\n\n5%\n\n\n20%\n\n\n26%\n\n\n \n\n\n(6)%\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nNet Income\n\n\n669\n\n\n340\n\n\n329\n\n\n97%\n\n\n262\n\n\n1,497\n\n\n(1,235)\n\n\n(83)%\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nAdjusted \nEBITDA\n\n\n3,372\n\n\n2,478\n\n\n894\n\n\n36%\n\n\n7,960\n\n\n7,973\n\n\n(13)\n\n\n(0.2)%\n\n\n\n \n \n \n \n \n \n \n \n \n\n\n\nAdjusted Free \nCash Flow\n\n\n1,937\n\n\n2,051\n\n\n(114)\n\n\n(6)%\n\n\n3,214\n\n\n4,260\n\n\n(1,046)\n\n\n(25)%\n\n\n\n \n \n \n \n \n&#...