Colabor Group Inc. (GCL.TO: Quote), Friday reported a loss for the third-quarter, particularly on charges incurred with respect to consolidation of operations.
For the three-month period, the company reported net loss of C$3.9 million or C$0.14 per share, compared with net earnings of C$3.04 million or C$0.13 per share during the same quarter last year. This year results included a C$8.1 million charge associated with the consolidation of operations.
EBITDA decreased to C$10.2 million compared with C$11.02 million a year ago.
On average, two analysts polled by Thomson Reuters expected earnings per share of C$0.09 for the quarter. Analysts' estimates typically exclude one-time items.
Revenues decreased to C$343.6 million, from prior year's C$350.3 million. Analysts expected the company to generate revenues of C$349.70 million for the quarter.
The company declared a cash dividend of C$0.06 per share, payable on November 15 to shareholders of record on October 31.
by RTT Staff Writer
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