Conifex Timber increased 2Q Adjusted EBITDA to $9 million

八月 17, 2016
Conifex Timber Inc. reported results for the 2Q ended June 30, 2016. Adjusted EBITDA in the 2Q 2016 was a record $9 million, compared to $6.8 million in the 1Q 2016 and negative $6.8 million in the 2Q 2015.

2Q 2016 net income was a record $35.2 million, compared to net income of $28.5 million in the previous quarter and net loss of $13 million in the 2Q 2015.

Revenues totaled $103.7 million in the 2Q 2016, an improvement of 4% over the prior quarter and 27% over the same quarter last year.

Operating income improved to $5.1 million compared to $3 million in the previous quarter and an operating loss of $9.8 million in the same quarter last year.

Net income for the 2Q 2016 included a net gain on sale of assets of $19 million related to the completion of the previously announced timber harvesting cooperation agreement, with some of the ancillary costs related to the transaction included in corporate costs.

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.



主題: 财务

評論

喜歡這一點,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
要留下意見,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
我們歡迎通過相關的意見和數據推動故事的評論。如果你看到一個評論,您認為是無關緊要的或不適當的,可以將其標記為我們的編輯使用報告濫用鏈接。在表達意見的看法,並不代表Lesprom網絡。有關我們註釋策略的更多信息,請參見: http://www.lesprom.com/legal/comment_policy/

標籤


返回頁首