Nordion Inc. reported results for the first quarter of fiscal 2012. It also declared a dividend of $0.10 (U.S.) per share, payable on April 5 to shareholders as of March 21. Reported revenue decreased 18 per cent to $53-million from $65-million in the year prior. Adjusted net income was $7.1-million, compared with $14-million in the previous year.
March Networks reported third-quarter fiscal 2012 revenue of $32.4-million (U.S.), a 57 per cent increase from year prior. Net earnings were $1.6-million or $0.09 per common share. The company's cash and short-term investment position of $39.1-million at Jan. 31, 2012 increased by $592,000 but declined by $6.8-million relative to $45.8-million at April 30, 2011.
Intertape Polymer Group Inc. today released results for the fourth quarter ended Dec. 31, 2011. Adjusted net earnings were $2.7-million compared to $32.1-million for the fourth quarter of 2010 and $3.8-million in the third quarter of 2011. Adjusted earnings per share was $0.05 compared with a loss per share of $0.54 for the same period last year.
Cathedral Energy Services Ltd. reported fourth-quarter 2011 and year-end Dec. 31 results, as well as its 2012 first-quarter dividend. Cathedral said it completed 2011 with record revenues and its full year net earnings were 0.73 per share diluted compared to 0.44 per share diluted in 2010. The directors have approved a 2012 first-quarter dividend in the amount of $0.075 per share payable on April 16, 2012. This is an increase of 25 per cent from the previous dividend level.
DATA Group Inc. today announced financial and operating results of The DATA Group Income Fund for the fourth quarter ended Dec. 31, 2011. Revenues were $89.8-million, gross profit was $22.5-million, and net income was $1.2-million. Cash available for distribution was $4.9-million or $0.210 per unit and cash distributions were $3.8-million or $0.162 per unit. Adjusted EBITDA was $8.6-million.
Opta Minerals Inc. today announced results for the three months ended Dec. 31, 2011, in which net earnings increased 28.8 per cent to $564,000 from the previous year's $438,000. Revenues also rose by 5.8 per cent to $22.6-million from last year's $21.4-million. Cash flow from operating activities before changes in working capital generated $1.7-million versus $2.2-million in the fourth quarter of 2010.
Williams Creek Gold Limited today announced that it has entered into an arms length agreement to acquire a 100 per cent interest from New Gold Inc. in two large exploration claim groups known as Ahbau Creek and Chubby Bear. In addition, four mineral units known as the Ahbau Lake group, totaling 1,662 hectares, were recently staked by Williams Creek west of Ahbau Lake.
Sandvine Corporation today announced that its Board of Directors has approved the adoption of a shareholder rights plan. The Rights Plan has been conditionally approved by the Toronto Stock Exchange, subject to shareholder approval at Sandvine's annual and special meeting of shareholders on April 5, 2012.
Silvermet Inc. today announced that it has filed a Notice of Intention to make a Normal Course Issuer Bid with the TSX Venture Exchange. Under the Normal Course Issuer Bid and subject to regulatory approval, the company will purchase up to 14,552,872 common shares which number of common shares is equal to 10 per cent of the company's public float, over the 12 month period ended March 11, 2013 through D&D Securities Inc.