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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Home Capital Group Inc. (HCG-T) says it earned nearly $30-million in its most recent quarter, but fell just short of analyst estimates.

The Toronto-based mortgage lender’s net income for the second quarter of its 2018 financial year was $29.6-million compared to a $111.1-million loss in the same quarter the previous year.

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It says its diluted earnings per share were 37 cents for the quarter ended June 30, compared to a loss of $1.73 per share in the second quarter of its 2017 financial year.

Analysts surveyed by Thomson Reuters Eikon estimated a net income of $31.16-million or 38 cents per share for the quarter.

CEO Yousry Bissada says in a statement that the company experienced its third consecutive quarter of mortgage origination volume growth, up 10 per cent or $112.1-million from $1.12-billion in the second quarter of 2017 to $1.23-billion in the second quarter of this financial year.

He says the company’s core residential and commercial lending business continued to show resilience amid factors like rising interest rates and a softer Canadian housing market.

- The Canadian Press

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CannTrust Holdings Inc. (TRST-T) reported second-quarter revenue of $9.1-million up from $4.5-million a year ago and in line with expectations. Net Income was $104,905 compared to a net income of $754,864 in the comparable 2017 periods. “Earnings for the current period were impacted by approximately $1.5 million of increased costs associated with the ramp-up of the Niagara Perpetual Harvest facility,” the company stated.

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Absolute Software Corp. (ABT-T) reported fourth-quarter revenue of US$24.1-million versus US$23.2-million a year ago. its profit was US$2.6-million or 6 cents versus a loss of US$2.1-million or 5 cents a year earlier. Analysts were expecting earnings of 2 cents and revenue of US$23.9-million.

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InterRent Real Estate Investment Trust (IIP.UN-T) reported gross rental revenue of $30.9-million for the second quarter an increase of 17.1 per cent over the same quarter last year. Net income for the quarter was $56.6-million, compared to $39.2 million a yaer ago. “The increase of $17.4-million was driven primarily by rental growth as well as the fair value gain on investment properties,” the company said. Funds from Operations (FFO) increased by 30.8 per cent to $10.9-million.

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TransGlobe Energy Corp. (TGL-T; TGA-N) reported sales of US$99.2-million in the second quarter up from US$64.7-million a year ago. Net earnings were US$7.4-million or 10 cents per share versus a loss of US$56.6-millino or 78 cents a year ago.

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High Liner Foods Inc. (HLF-T) said its second-quarter sales came in at US$245.3-million compared to $232.4-million a year ago. Net income increased to US$2.8-million or 8 cents per share compared to US$600,000 or 2 cents a year ago. Adjusted net income3 decreased to US$3.8 million or 11 cents per share compared to US$6.1-million or 19 cents a year ago. Analysts were expecting adjusted EPS of 17 cents and revenue of US$267.3-million.

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Callidus Capital Corp. (CBL-T) says Newton Glassman, its executive chairman and CEO, will take a medical leave of absence, effectively immediately. “Mr. Glassman is currently undergoing further medical tests and examinations to confirm the extent and seriousness of his conditions,” the company stated in a release, which provides some details on his condition. It said the board has re-assigned Mr. Glassman’s CEO responsibilities to the existing Callidus management team.

The company also reported revenue of $89.4-million in the second quarter, an increase from $26.9-million from the same period in 2017, "primarily due to the consolidation of three additional businesses, partially offset by lower interest and fees in the lending business."

Its net loss of $40.8-million compared or 75 cents per share compared to a loss of $25.8-million or 51 cents in the prior year period.

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K-Bro Linen Inc. (KBL-T) reported revenue of $60.7-million in the second quarter, an increase of 50 per cent compared to the comparable period last year and ahead of expectations of $58.9-million. Net earnings came in at $2.6-million or 25 cents per share, which was ahead of expectations of $2.1-million or 20 cents and compared to net earnings of $2.3 million or 26 cents in the second quarter last year.

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Automotive Properties Real Estate Investment Trust (APR.UN-T) reported property rental revenue if $11.4-million in the second quarter, an increase of 8.7 per cent from the second quarter of 2017 and in line with expectations of $11.3-milion. Net Income was $5.3-million, compared to $5.8-million a year ago. Funds from operations increased 1.7 per cent to $6.6 million or 25 cents per unit, also in line with expectations.

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Element Fleet Management Corp. (EFN-T) reported net income of $79.1 million or 18 cents per share in the second quarter, more than double its net income of $37.1-million or 7 cents a year ago and ahead of expectations of 11 cents per share. Net revenue was $219.4-million down from $247.5-million last year, and ahead of expectations of $217.3-million.

Our results for the second quarter were in line with expectations and reflect continued progress in operations and customer acquisition and retention,” said CEO Jay Forbes in a statement. “Against the backdrop of these positive trends, we have launched a comprehensive strategic assessment to create a clear and compelling strategy for stakeholder value creation. We are delighted with the progress we are making and we look forward to sharing our insights and the resulting strategic priorities in the early fall.”

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Clairvest Group Inc. (CVG-T) reported net income of $54.7-million or $3.61 per share in its first quarter ended June 30 versus a loss of $11.6-million or 76 cents a year earlier. Clairvest’s said its book value was $715.1-million or $47.18 per share as at June 30, compared with $667.3-million or $44.01 per share as at March 31.

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Magellan Aerospace Corp. (MAL-T) says it signed a six-year agreement with Pratt & Whitney to manufacture aluminum castings for their next generation product family of engines. The agreement is expected to generate approximately $81-million in revenue for Magellan through 2023, the company stated.

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Innergex Renewable Energy Inc. (INE-T) reported its second-quarter revenues rose 37 per cent to $149.5-million compared with the same period last year, which was below expectations of $153.7-million. Net earnings came in at $16.8-million of 9 cents per share versus earnings of $13.9-million or 12 cents a year ago. The expectations was for earnings to be 15 cents per share in the latest quarter.

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Crius Energy Trust (KWH.UN-T) says it has combined its existing credit facilities into a single consolidated credit facility for its wholesale energy supply requirements with a limit of US$140-million. The company also said it has added a syndicated working capital facility with an initial limit of US$11-million for cash advances and letters of credit.

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AirBoss of America Corp. (BOS-T) reported sales of US$81.8-million in the second quarter, up from US$73.9-million a year ago and ahead of expectations of US$80.3-mllion. Net income was US$2.7-million or 11 cents per share versus net income of $3.2-million or 14 cents a year ago. The expectation was for EPS to come in at 17 cents in the latest quarter.

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Imperial Metals Corp. (III-T) said its second-quarter revenue decreased to $80.1-million compared to $106.7-million in the 2017 comparative quarter and was below expectations of $97-million. Its net loss was $36.6-million or 31 cents per share compared to net income of $99.5-million or $1.06 per share a year ago.

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Sierra Metals Inc. (SMT-T) reported revenue of $62.7-million in the second quarter an increase of 29 per cent from $48.6-million for the same quarter a year earlier. Net income was $10.8-million versus a loss of $2.8-million a year ago.

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AgJunction Inc. (AJX-T) said its second-quarter revenue rose 3 per cent to US$13.8-million versus US$13.3-million a year earlier, which was in line with expectations of $13.3-million. Its net loss was US$2.3-million or 2 cents per share, which beat expectations of a penny per share and compared to a net loss of US$500,000 million or nil per share a year ago.

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