FONT-SIZE Plus   Neg

Colabor Posts Q3 Loss - Quick Facts

Colabor Group Inc. (GCL.TO), 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Pilot of an American Airline died as he was flying the Airbus A320 from Phoenix to Boston. The co-pilot managed the situation and made an emergency landing at Syracuse Hancock International airport on Monday. The Flight was carrying 147 passengers and five crew members. Popular social media company Twitter Inc. Monday confirmed that co-founder and one of the largest shareholders Jack Dorsey will be permanent chief executive officer.
comments powered by Disqus
Follow RTT