Construction and infrastructure development company Aecon Group Inc. has added another near 5 per cent to the 1 per cen gained yesterday. Last night its reported results for the third quarter of 2011. Highlights included: third quarter revenues reached $835-million (vs. $803-million in same quarter of 2010), driven by gains in both the Infrastructure and Industrial segments. EBITDA increased to $74.5-million in the quarter ($51.8-million in 2010), including an $11.5-million gain on the sale of Aecon's interest in its highway operating company in Israel this quarter. Excluding this gain and the $14-million gain recorded last year following the purchase of Cow Harbour's assets, EBITDA in the quarter was $63.0-million vs. $37.8-million in the third quarter of 2010. Adjusted earnings per share (basic) increased to $0.74 in the quarter ($0.45 in 2010) and adjusted earnings per share (diluted) increased to $0.49 ($0.37 in 2010). Its positive outlook through 2012 and into 2013 is reaffirmed.
Killam Properties Inc. , which rose 9 cents yesterday, announced acquisition and development totalling $20-million in St. John's, Newfoundland. This includes the acquisition of Rutledge Manor and the start of construction of Bennett House, a 71-unit apartment development.
SunOpta Inc. , which lost 13 cents or 2.5 per cent yesterday, will issue its financial results for the third quarter ended October 1, 2011, after the close of the stock markets today. It is a global company focused on natural, organic and specialty foods products.
Davis + Henderson Corporation , which rose 25 cents or 1.5% yesterday, will announce its financial results for the period ended September 30, 2011 later Tuesday. Davis + Henderson provides innovative programs, technology products, and technology based business services to customers in the financial services industry who offer deposit, lending, insurance and wealth management products to consumers and businesses.
Packaging industry player Intertape Polymer Group Inc. , which dropped 6 cents or 2 per cent on Monday to fall away from near a year high $2.95, said its third quarter results will be published after market close today.
Artis Real Estate Investment Trust , which rose 17 cents or 1.3 per cent yesterday, confirmed that it intends to release its financial results for the three-month period ended September 30, 2011, after the close of the TSX today.
New Pacific Metals Corp. opened today's session nearly 10 percent higher after announcing the assay results of the first 3 holes drilled in 2011 at the Lake Vein of the Mt. Skukum gold deposit at the Tagish Lake Gold Project in the Yukon Territory, Canada. The assay results confirmed the high-grade gold mineralization of the Mt. Skukum deposit reported by 1980's historical drilling, the company said.
Destiny Media Technologies, which closed Monday at a year high 48.5 cents, reported today the launching of the next generation of Clipstream at Booth 81 at the HTML 5 Summit at Streaming Media West in Los Angeles Nov. 8-9, 2011. The product is expected to launch in the first calendar quarter of 2012. A solution which will reach nearly 100 percent of site visitors, thereby generating more impressions will mean higher advertising revenues for site owners and a much lower cost of delivery, while providing an experience for consumers that "just works", the company added.
Resource company TVI Pacific Inc. eded up and away from a year low 4 cents after saying earlier today that its wholly-owned subsidiary, TG World Energy, Inc., entered into a definitive agreement to sell all of its leasehold interests in Alaska for approximately $16-million (U.S.), subject to adjustments. A portion of the proceeds from the transaction will be directed to full repayment of the loan facility while the remainder of the proceeds will be directed towards the TVI's working capital requirements including the Balabag gold project, extending mine life at Canatuan, exploration drilling and possibly a value-enhancing joint venture or acquisition opportunity.
Whiterock REIT opened slightly lower but has since turned positive after announcing strong financial results for the quarter ended September 30, 2011. The REIT said funds from operations per unit and recurring adjusted funds from operations per unit (both adjusted for mortgage prepayment penalties of $1.6-million) increased to $0.32 and $0.29, respectively, representing a recurring FFO payout ratio of 88.2 per cent and a recurring AFFO payout ratio of 97.1 percent. Same-property NOI growth was 1.8 per cent (1.9 per cent on a cash basis) year-over-year, along with an overall portfolio occupancy rate of 96.9 per cent.
Savaria Corporation announced today its results for the third quarter ended September 30, 2011. The company said net income for the period was $1.3-million, an increase of 68 per cent from the previous year, after a favorable change in the gain on foreign exchange of $620,000 and the fair value of restructured notes and the put option of $173,000. Revenue, however, was down nearly 2 percent at $17.4 million due to unfavourable fluctuations in the Canadian dollar.Report Typo/Error
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- Aecon Group Inc$14.96-0.20(-1.32%)
- Sunopta Inc$12.11-0.23(-1.86%)
- Intertape Polymer Group Inc$24.63-0.13(-0.53%)
- Artis Real Estate Investment Trust$13.14+0.03(+0.23%)
- Destiny Media Technologies Inc$0.340.00(0.00%)
- Savaria Corp$14.90-0.32(-2.10%)
- Updated July 27 3:59 PM EDT. Delayed by at least 15 minutes.