Bottles of Cott ginger ale move down the bottling line a the company's plant in Mississauga
Canadian issues that are moving on early news.
Cott Corp. reported second-quarter 2012 net earnings of $25-million and $0.26 versus analysts' estimate of $0.25 per share. Revenues came in at $626-million. In the same period last year, net earnings were $26.5-million or $0.28 per share on revenues of $640-million.
Boxxer Gold Corp. announced that it has put forth a letter of intent to acquire 23 mineral claims covering 6,997.9 acres contiguous to its East Breccia copper-molybdenum-silver property. Boxxer lost 7 per cent yesterday, closing at 7 cents.
Aecon Group Inc. announced that Ontario Power Generation has signed a contract awarding Aecon's Industrial division design and construction work for the Atikokan Generating Station biomass conversion project, valued at around $85-million.
Canyon Services Group Inc.'s loss and comprehensive loss came in at $6.9-million in the second quarter of 2012, compared with a loss $6.6-million in the second quarter of 2011. This was due to the higher fixed-cost structure required to support the company's expanded equipment fleet, less profitable jobs resulting from modestly reduced pricing brought on by industry conditions, and weather-related drilling delays. The loss per common share, fully diluted, was $0.11 in second-quarter 2012 – the same as second-quarter 2011.
COM DEV International Ltd. announced that it has been awarded a contract by Boeing Space and Intelligence Systems to supply equipment for use in the Wideband Global SATCOM program. The contract is valued at approximately $5-million U.S., and covers the tenth flight set for WGS, a U.S. military communications satellite program.
EMED Mining announced that it has entered into a sale and purchase agreement with Inland Trading 2006, S.L. in relation to the €5-million purchase of the last land plot required for planned operations of the Rio Tinto Copper Mine. In addition, EMED has been granted options by Inland and Construcciones Zeitung, S.L. to acquire additional plots of land in the surrounding district, exercisable within four years, at an aggregate price of €9-million.
Brookfield Real Estate Services Inc. announced that cash flow from operations for the second quarter of 2012 was $7.4-million or $0.57 per restricted voting share and $12.9-million or $1.01 per share, respectively. This is compared with $6.8-million or $0.53 per share and $12.5-million or $0.98 per share, respectively, for the same period in 2011.
NexJ Systems Inc. – which fell 10 per cent, and nearer to a year low of $4.49 on Thursday – reported that net loss was $3.1-million or $0.16 per share (basic and diluted) for the second quarter of 2012. This is compared with a net loss of $1.5-million or $0.08 per share (basic and diluted) for the comparative period in 2011. Second-quarter revenue was $7.1-million, down 8 per cent year-on-year.
Marathon Gold Corp. said its loss for the second quarter was $354,333 versus a loss of $568,732 for the same period in the previous year.
Manitoba Telecom Services Inc. reported net earnings of $44.5-million for the second quarter, compared with $49.8-million a year earlier. Earnings per share was $0.67, up 4.7 per cent after adjusting for a one-time scientific research and experimental development tax credit recorded in the second quarter of 2011. "Second-quarter results position us to meet our financial guidance ranges on all metrics," the company said.