CERF INCORPORATED Announces Strong Results for the Second Quarter of 2013

About this update from Zedcor Inc

[{"type":"text","content":"\n\n\nTSX Venture Symbol: CFL\n\n\nCALGARY, Aug. 28, 2013 /CNW/ - Mr. Wayne Wadley, President of CERF\n Incorporated (the \"Company\" or \"CERF\"), is pleased to announce the\n results for the second quarter of 2013.\n\n\nFull details of the Company's results, in the form of the unaudited\n condensed consolidated financial statements and notes thereto for the\n three and six months ended June 30, 2013 and Management's Discussion\n and Analysis of the results dated August 27, 2013 are available on\n SEDAR at www.sedar.com and on the Company's website at www.cerfcorp.com.\n\n\nSummary of Second 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\nIn C$,000's except \npercentages and \nper shares data\n\n \n \n \n\nQ2 \n\n2013\n\n \n\nQ2 \n\n2012\n\n \n\n$ \n\nchange\n\n \n\n% \n\n\n \n\nYTD \n\n2013\n\n \n\nYTD \n\n2012\n\n \n\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\n \n\n \n\n \n\n \n\n \n\n\n\n\nRevenue\n\n \n \n \n\n10,065\n\n \n\n7,549\n\n \n\n2,516\n\n \n\n33%\n\n \n\n21,538\n\n \n\n14,758\n\n \n\n6,780\n\n \n\n46%\n\n\n\n\nDirect Expenses\n\n \n \n \n\n8,301\n\n \n\n6,283\n\n \n\n2,018\n\n \n\n32%\n\n \n\n16,094\n\n \n\n12,022\n\n \n\n4,072\n\n \n\n34%\n\n\n\n\nGross Margin %\n\n \n \n \n\n17%\n\n \n\n17%\n\n \n\n \n\n \n\n0%\n\n \n\n25%\n\n \n\n26%\n\n \n\n18%\n\n \n\n7%\n\n\n\n\nNet Income\n\n \n \n \n\n(134)\n\n \n\n63\n\n \n\n(197)\n\n \n\n(313)%\n\n \n\n976\n\n \n\n218\n\n \n\n758\n\n \n\n348%\n\n\n\n\nAdjusted \nEBITDA\n\n \n \n \n\n1,784\n\n \n\n1,570\n\n \n\n214\n\n \n\n14%\n\n \n\n5,785\n\n \n\n3,195\n\n \n\n2,590\n\n \n\n81%\n\n\n\n\nAdjusted Free Cash Flow\n\n \n \n \n\n2,762\n\n \n\n549\n\n \n\n2,213\n\n \n\n403%\n\n \n\n1,799\n\n \n\n(83)\n\n \n\n1,82...

More updates from Zedcor Inc