Westport Innovations has added to the 49 cents or 1.6 per cent cents lost yesterday after overnight reporting a net loss of $13.2-million or $0.27 loss per share in the second quarter compared to a net loss of $6.2-million or $0.16 loss per share in the previous corresponding period period. On average, 7 analysts polled by Thomson Reuters expected a loss of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Newalta Corporation jumped as much as 5.5 per cent early Wednesday after reporting substantial increases in revenue, profitability and capital returns for the third quarter ended September 30, 2O11. Revenue was ahead 25 per cent, adjusted EBITDA up 41 per cent, net earnings increased 101 per cent compared to Q3 last year. Return on capital rose to 15 per cent on a trailing twelve month basis. The capex budget increased to $110-million. Newalta provides cost-effective solutions to industrial customers to improve their environmental performance with a focus on recycling and recovery of products from industrial residues.
Mega Brands Inc. said today it earned $17.1-million or 51 cents a share in the third quarter compared with $17.4-million or 36 cents a share in the year earlier period, reflecting higher costs. Net sales were up 4 per cent to $133.3-million. The Canadian toy-maker is confident of recovery across all its business segments ahead of the crucial holiday season.
Gluskin Sheff + Associates Inc. was up nearly 3 per cent ahead of its financial results for the three months ended September 30, 2011, this morning.
Enerflex Ltd. touched as high as $11 today after announcing a major facility contract in Oman. The supplier of products and services to the global energy industry said the contract is for the engineering, procurement, construction and commissioning of a gas processing plant to be located in Abu Tubul Block 60 in the Sultanate of Oman. The contract value is approximately US $228-million.
Knightscove Media Corp. announced today it has executed an agreement with LA-based ICAP Media LLC to release 500 catalogue titles internationally. The titles will have their first market launch at the American Film Market in Los Angeles beginning today. The company said the deal "represents an excellent opportunity to expand on our strategic relationship with ICAP Media and leveraging the global returns from our catalogue, which has historically been only a TV revenue generator."
Cott Corporation was falling towards a year low $6.71 after announcing earlier today its results for the third quarter ended October 1, 2011. The beverage company said it ended the quarter with a net income of $16-million or $0.17 per share, up sharply from the previous year's $6-million or $0.07 per share. Revenue increased 26 per cent to $611-million. Excluding the impact of the Cliffstar acquisition and foreign exchange, revenue increased 9 per cent.
Storagevault Canada Inc. , which touched 50-day average $0.20 at yesterday's close, announced today that it has entered into an Acquisition Agreement of Purchase and Sale to acquire from an arm's length vendor a self-storage facility located in Calgary, Alberta for $3-million. If all conditions under the Acquisition Agreement are satisfied, the acquisition is scheduled to close on January 31, 2012, or such earlier or later date as is mutually agreeable, the company added.
Parkland Fuel Corporation , an independent marketer and distributor of petroleum products, went up by about 5 per cent after announcing its financial results for the 3 months ended September 30, 2011. The company said its net income was $24.5-million, erasing the previous year's loss of $1.2-million. Fuel sales volumes also increased 20 per cent to 1,078 million liters compared with 901 million liters in the third quarter of 2010 on the strength of organic growth and acquisitions.
Goldrush Resources Ltd. reported today assay results from the initial 21 holes of a 94 hole reverse circulation infill drilling program on its Ronguen Gold Deposit in Burkina Faso. The company said these results reported from the first 20 per cent of the RC drill program have been very positive and bode well for a significant upgrade in both the classification and size of the Ronguen resource.