Adjusted EBITDA for the nine month period ended January 31, 2016 was $13.2 million on revenue of $64.4 million, compared to $7.8 million adjusted EBITDA on revenue of $40.4 million for the nine month period ended January 31, 2015.
"With year-to-date adjusted EBITDA up 63% over the prior year, we continue to be pleased with Jemi Fibre's progress of integrating the assets it has compiled over the past two years," stated Chairman and CEO Mike Jenks. "With the recent announcement of the Company's acquisition by CanWel Building Materials Group Ltd., we are looking forward to the next exciting phase for the Company and contributing to CanWel's future growth, utilizing Jemi Fibre's solid asset base and stronger cash flows from a restructured balance sheet."
Jemi Fibre is a Western Canadian based forest products company. Jemi Fibre's operations consist of timber ownership and management of private timberlands and Crown forest licenses, full service logging and trucking operations, post-peeling and wood treatment operations for the agricultural market and specialty lumber manufacturing.
