INTERIM REPORT TO SHAREHOLDERS JUNE 30, 2002

Size: px
Start display at page:

Download "INTERIM REPORT TO SHAREHOLDERS JUNE 30, 2002"

Transcription

1 Q2.qxd 8/20/2002 4:22 PM Page 1 INTERIM REPORT TO SHAREHOLDERS JUNE 30, 2002 FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (Millions, except per share amounts) Results from operations Funds from operations and gains $ 26 $ 75 $ 121 $ 102 Net income Per diluted common share Funds from operations and gains $ 0.80 $ 2.48 $ 4.07 $ 3.21 Funds from operations prior to property gains $ 0.80 $ 0.74 $ 1.79 $ 1.47 Net income $ 0.52 $ 1.46 $ 2.93 $ 1.65 Dear Fellow Shareholders: We are pleased to share with you the financial and operating results for the six months ended June 30, Our results reflect the stability of our rental stream and long-term lease profile to high quality tenants. This strategic focus enables us to continue delivering growth in a somewhat more challenging leasing environment. FINANCIAL RESULTS Funds from operations before property disposition gains increased 8% during the second quarter of 2002 to $0.80 per share, compared with $0.74 per share in Same property net operating income increased by $3 million or 11%, excluding dispositions, attributable mainly to the significant increase in occupancy at Bankers Hall in Calgary. There were no property disposition gains in the second quarter, compared with the same period in 2001, in which property disposition gains totalled $50 million or $1.74 per share. For the three months ended June 30, 2002, net income per share totalled $0.52 compared with $1.46 per share for the same period in The 2001 figure included a property disposition gain of $1.29 per share. MAJOR INITIATIVES During the second quarter of 2002, BPO Properties: Completed the sale of a 50% interest in Bankers Hall in Calgary. BPO Properties entered into an agreement to sell a 50% interest in the 2.7 million square foot Bankers Hall complex to British Columbia Investment Management Corporation,

2 Q2.qxd 8/20/2002 4:22 PM Page 2 which closed August 1, This transaction generated net proceeds to BPO Properties of $113 million, net of non-recourse debt on the property, based on a sale price of $304 million. Bankers Hall is the premier office development in the heart of downtown Calgary, which features twin 44-storey office towers atop a four-storey retail podium. Bankers Hall is 96% leased to high-quality tenants including EnCana Corporation, Talisman Energy, RBC Financial and Canadian Natural Resources. Acquired in mid-2000 with over 400,000 square feet of vacancy, and with one of the two towers still under construction, BPO Properties leased the vacant space at rates higher than projected, acquired the land leases under the property, and subsequently finalized a long-term refinancing for the property. This transaction follows the sale of a 50% interest in Fifth Avenue Place in Calgary in 2001, and represents the culmination of the repositioning of the Calgary portfolio. Reached an agreement to acquire a 50% interest in Atrium on Bay in Toronto. The company paid $68 million ($126 per square foot), for the acquisition which closed on July 31, Located in downtown Toronto, at the corner of Yonge and Dundas Streets, the property has 1.1 million square feet of premium space in twin office towers atop a two-storey retail podium. Atrium on Bay is 91% leased to quality tenants including CIBC, Bell Canada, CGI and the Province of Ontario. Completed the sale of a non-core retail property in Toronto for net proceeds of $27 million. To date, this brings the total proceeds from non-core asset dispositions to $82 million, furthering the company's strategic focus on premier office properties in select cities in Canada. The balance of the company's noncore retail assets are expected to be sold by year end. Received regulatory approval to renew its Normal Course Issuer Bid, enabling the company to acquire up to 10% of its common shares during the 12-month period ending July 10, OPERATIONS REVIEW The Toronto office market began to show signs of slowing economic activity. Vacancy rates, including sublet space, continued to grow slowly, reaching 9% at the end of the second quarter. Direct vacancy, which excludes the impact of sublet space, reached 5%. BPO Properties is well-positioned with minimal lease maturities over the next several years, and average inplace net rents still well below current market rates. The Calgary office market benefited from improved commodity prices over the last six months, which translated into increased activity by many firms and a recovery from the economic slowdown. Our Calgary portfolio averages 98% occupancy with few expiries over the next five years. In total, approximately 466,000 square feet of space was leased across the portfolio in the first half of the year, including a new lease for 60,000 square feet with Noranda Inc. at Queen's Quay Terminal in Toronto. Subsequent to June 30, 2002, EnCana Corporation, a major integrated oil and gas company, leased 200,000 square feet at Bankers Hall, further enhancing the value of this premier asset. Occupancy in the office portfolio was 96% at the end of the second quarter, consistent with the occupancy at the beginning of the year. Average office portfolio net rental rates are 32% below current market rates, providing BPO Properties with internal growth opportunities as leases roll-over. OUTLOOK The quality of the company's commercial office portfolio, strong tenant base, long-term leases, and the strength of the oil and natural gas industries in Calgary provide a solid foundation for continued financial and operating performance during the balance of the year. David D. Arthur President and Chief Executive Officer August 14, / BPO PROPERTIES LTD.

3 Q2.qxd 8/20/2002 4:22 PM Page 3 Consolidated Financial Statements Consolidated Balance Sheet unaudited Jun. 30 Dec. 31 (Millions) Notes Assets Commercial properties 2 $ 1,320 $ 1,448 Cash and cash equivalents Future income taxes Loans receivable Other assets $ 2,002 $ 2,001 Liabilities and shareholders equity Mortgages and other borrowings 3 $ 794 $ 865 Accounts payable and other liabilities Shareholders equity 4 1,110 1,026 $ 2,002 $ 2,001 Q2/2002 INTERIM REPORT / 3

4 Q2.qxd 8/20/2002 4:22 PM Page 4 Consolidated Statement of Income unaudited Three months ended June 30 Six months ended June 30 (Millions, except per share amounts) Commercial properties Revenue $ 58 $ 79 $ 122 $ 160 Expenses Loans and investment income Expenses Interest Administrative and large corporation tax Funds from operations (FFO) before the following Gains on disposition of properties Funds from operations and gains Depreciation and amortization Future income taxes and other non-cash items, net Net income $ 18 $ 46 $ 89 $ 57 Net income per common share basic and diluted Net income prior to property gains $ 0.52 $ 0.17 $ 1.08 $ 0.36 Property disposition gains $ 0.52 $ 1.46 $ 2.93 $ 1.65 Consolidated Statement of Retained Earnings unaudited Six months ended June 30 (Millions) Retained earnings, beginning of period $ 564 $ 475 Net income Preferred share dividends paid (5) (10) Retained earnings, end of period $ 648 $ / BPO PROPERTIES LTD.

5 Q2.qxd 8/20/2002 4:22 PM Page 5 Consolidated Statement of Cashflow unaudited Three months ended June 30 Six months ended June 30 (Millions) Operating activities Net income $ 18 $ 46 $ 89 $ 57 Add (deduct) Depreciation and amortization Future income taxes and other non-cash items Gains on disposition of properties (50) (65) (50) Other working capital (13) (5) (66) (10) 59 Investing activities Commercial properties Acquisition of properties (9) (84) Tenant improvements (3) (9) (4) (14) Development and redevelopment expenditures (13) (12) (19) (26) Disposition of properties Financing activities Debt arranged Debt amortization and repayments (4) (116) (6) (119) Preferred share dividends paid (3) (5) (5) (10) (4) (38) (6) (6) Increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period $ 518 $ 189 $ 518 $ 189 Q2/2002 INTERIM REPORT / 5

6 Q2.qxd 8/20/2002 4:22 PM Page 6 Notes to the Consolidated Financial Statements NOTE 1. SUMMARY OF ACCOUNTING POLICIES These consolidated interim financial statements should be read in conjunction with the company s most recent annual consolidated financial statements that include information necessary or useful to understanding of the company s businesses and financial statement presentations. The consolidated interim financial statements follow the same accounting policies and methods of application as the most recent annual consolidated financial statements. The quarterly financial statements are unaudited. Financial information in this Report reflects any adjustments that are, in the opinion of management, necessary to a fair statement of results for the interim periods in accordance with generally accepted accounting principles ( GAAP ) in Canada. Certain prior year amounts have been restated or reclassified to conform to the current year s presentation. NOTE 2. COMMERCIAL PROPERTIES At June 30, 2002, the company s property portfolio is comprised of interests in 19 commercial properties and development sites totalling approximately 13 million square feet of space, in which BPO Properties has a net interest in approximately 9 million square feet. Net Rentable Owned Jun. 30 Dec. 31 Area Interest s sq.ft. 000 s sq.ft. Millions Millions Office properties 9,459 6,958 $ 1,078 $ 1,160 Retail properties ,251 7,750 1,159 1,299 Development properties 2,770 1, ,021 8,862 $ 1,320 $ 1,448 NOTE 3. MORTGAGES AND OTHER BORROWINGS Mortgages and other borrowings consist primarily of commercial property mortgages which are secured by specific properties without recourse to the company. 93% of the debt payable is on a fixed interest rate basis. Contractual mortgage principal repayments at June 30, 2002 are as follows: Weighted Average Interest Rate at Remainder 2007 & (Millions) June 30, Beyond Total Mortgages and other borrowings 7.0% $ 5 $ 12 $ 25 $ 13 $ 14 $ 725 $ 794 NOTE 4. SHAREHOLDERS' EQUITY Consolidated statement of changes in shareholders equity follows: Jun. 30, 2002 Dec. 31, 2001 Preferred Common Retained Preferred Common Retained (Millions) Shares Shares Earnings Total Shares Shares Earnings Total Balance, beginning of period $ 382 $ 80 $ 564 $ 1,026 $ 382 $ 80 $ 475 $ 937 Net income Preferred share dividends paid (5) (5) (18) (18) Balance, end of period $ 382 $ 80 $ 648 $ 1,110 $ 382 $ 80 $ 564 $ 1,026 6 / BPO PROPERTIES LTD.

7 Q2.qxd 8/20/2002 4:22 PM Page 7 NOTE 5. FUNDS FROM OPERATIONS AND GAINS PER SHARE Three months ended June 30 Six months ended June 30 (Millions, except per share amounts) FFO per common share basic and diluted FFO prior to property gains $ 0.80 $ 0.74 $ 1.79 $ 1.47 Property disposition gains $ 0.80 $ 2.48 $ 4.07 $ 3.21 NOTE 6. SEGMENTED INFORMATION The company s operations are focussed primarily on the investment in commercial office and retail properties in Canada. The following summary represents financial information for the company s principal areas of business: Retail & Development Office Properties Properties Loans & Other Total Jun. 30 Dec. 31 Jun. 30 Dec. 31 Jun. 30 Dec. 31 Jun. 30 Dec. 31 (Millions) Carrying value $ 1,078 $ 1,161 $ 241 $ 288 $ 683 $ 552 $ 2,002 $ 2,001 Acquisitions Capital investments Retail & Development Office Properties Properties Loans & Other Total Six months ended Jun. 30 Jun. 30 Jun. 30 Jun. 30 Jun. 30 Jun. 30 Jun. 30 Jun. 30 (Millions) Property revenue $ 104 $ 117 $ 18 $ 43 $ $ $ 122 $ 160 Property expenses (50) (58) (10) (21) (60) (79) Net operating income Loans and investment income Operating income Interest expense (27) (25) (7) (4) (27) (36) Administrative expenses and large corporation tax (3) (2) (1) (1) (1) (4) (4) Gains on disposition Depreciation and amortization (9) (11) (1) (5) (10) (16) Future income taxes, and other non-cash items (22) (29) Net income $ 80 $ 71 $ 6 $ 9 $ 25 $ 6 $ 89 $ 57 Q2/2002 INTERIM REPORT / 7

8 Q2.qxd 8/20/2002 4:22 PM Page 8 Corporate Information SHAREHOLDER INQUIRIES Investor relations and media inquiries should be directed to the Investor Relations Department at (416) Inquiries regarding financial results should be directed to Steven J. Douglas, Senior Vice President and Chief Financial Officer at (416) Shareholder questions relating to shares, preferred shares, dividends, address changes and share certificates should be directed to the company s Transfer Agent: CIBC Mellon Trust Company By mail: P.O. Box 7010, Adelaide Street Postal Station, Toronto, Ontario, M5C 2W9 By courier: 199 Bay Street, Commerce Court West, Securities Level, Toronto, Ontario, M5L 1G9 Attention: Courier Window Tel: (416) Toll free: (800) (throughout North America) Fax: (416) Website: BPO PROPERTIES LTD. BPO Properties Ltd. is a leading Canadian real estate company focussed on the ownership and value enhancement of premier office properties. The current property portfolio is comprised of interests in 19 commercial properties and development sites totalling 13 million square feet. The company's objective is to realize superior financial returns for shareholders by enhancing the value of its real estate assets and by making opportunistic investment in new assets. BPO Properties common shares trade on the TSX under the symbol BPP. Further information about the company can be found on our website at HEAD OFFICE BCE Place, 181 Bay Street Suite 4300, P.O. Box 770 Toronto, Ontario M5J 2T3 Tel: (416) Fax (416) Website:

FOR IMMEDIATE RELEASE MAY 5, 2016 ARTIS RELEASES FIRST QUARTER RESULTS: FFO PAYOUT RATIO IMPROVES TO 71.1%

FOR IMMEDIATE RELEASE MAY 5, 2016 ARTIS RELEASES FIRST QUARTER RESULTS: FFO PAYOUT RATIO IMPROVES TO 71.1% FOR IMMEDIATE RELEASE MAY 5, 2016 ARTIS RELEASES FIRST QUARTER RESULTS: FFO PAYOUT RATIO IMPROVES TO 71.1% Today Artis Real Estate Investment Trust ( Artis or the "REIT") issued its financial results and

More information

The O&Y Portfolio. 1. First Canadian Place, Toronto 2,781. 2. Gulf Canada Square, Calgary 1,145. 3. Place de Ville I, Ottawa 1,089

The O&Y Portfolio. 1. First Canadian Place, Toronto 2,781. 2. Gulf Canada Square, Calgary 1,145. 3. Place de Ville I, Ottawa 1,089 2005 Annual Report The O&Y Portfolio BPO Properties significantly expanded its assets under management in 2005 with the acquisition of O&Y Properties and O&Y REIT. This major office portfolio of 11.6 million

More information

Government Properties Income Trust Announces Third Quarter 2015 Results

Government Properties Income Trust Announces Third Quarter 2015 Results FOR IMMEDIATE RELEASE Contact: Olivia Snyder, Investor Relations Analyst (617) 219-1410 Government Properties Income Trust Announces Third Quarter 2015 Results Normalized FFO of $0.59 Per Share for the

More information

BROOKFIELD OFFICE PROPERTIES REPORTS STRONG FIRST QUARTER 2012 RESULTS

BROOKFIELD OFFICE PROPERTIES REPORTS STRONG FIRST QUARTER 2012 RESULTS NEWS RELEASE BROOKFIELD OFFICE PROPERTIES REPORTS STRONG FIRST QUARTER 2012 RESULTS All dollar references are in U.S. dollars unless noted otherwise. NEW YORK, May 4, 2012 Brookfield Office Properties

More information

FIRST CAPITAL REALTY ANNOUNCES STRONG 2008 YEAR END RESULTS Strong portfolio fundamentals and substantial liquidity.

FIRST CAPITAL REALTY ANNOUNCES STRONG 2008 YEAR END RESULTS Strong portfolio fundamentals and substantial liquidity. Press Release FIRST CAPITAL REALTY ANNOUNCES STRONG 2008 YEAR END RESULTS Strong portfolio fundamentals and substantial liquidity. Toronto, Ontario (March 5, 2009) First Capital Realty Inc. ( First Capital

More information

Scott s Real Estate Investment Trust. Interim Consolidated Financial Statements (Unaudited) March 31, 2009 and 2008

Scott s Real Estate Investment Trust. Interim Consolidated Financial Statements (Unaudited) March 31, 2009 and 2008 Interim Consolidated Financial Statements March 31, and Interim Consolidated Balance Sheets (in thousands of dollars) Assets March 31, December 31, Income-producing properties (note 3) 172,404 174,135

More information

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,

More information

Management s Discussion & Analysis Q2-09

Management s Discussion & Analysis Q2-09 Management s Discussion & Analysis Q2-09 On the TSX: AX.UN AX.DB.A AX.DB.B AX.DB.C AX.DB.E MANAGEMENT S DISCUSSION AND ANALYSIS The following management's discussion and analysis ( MD&A ) of the financial

More information

BTB Real Estate Investment Trust Management Discussion and Analysis. Quarter ended June 30, 2014. Space for. growth

BTB Real Estate Investment Trust Management Discussion and Analysis. Quarter ended June 30, 2014. Space for. growth BTB Real Estate Investment Trust Management Discussion and Analysis Quarter ended June 30, 2014 Space for growth Table of Contents 11 Introduction 11 Forward-Looking Statements Caveat 12 Non-IFRS Financial

More information

EQUITY OFFICE ANNOUNCES FIRST QUARTER 2004 RESULTS

EQUITY OFFICE ANNOUNCES FIRST QUARTER 2004 RESULTS Two North Riverside Plaza, Suite 2100 Chicago, Illinois 60606 phone 312.466.3300 fax 312.454.0332 www.equityoffice.com Equity Office (Investors/Analysts): Diane Morefield 312.466.3286 Equity Office (Media):

More information

GGP REPORTS FULL YEAR 2015 RESULTS AND DECLARES FIRST QUARTER DIVIDEND

GGP REPORTS FULL YEAR 2015 RESULTS AND DECLARES FIRST QUARTER DIVIDEND GGP REPORTS FULL YEAR 2015 RESULTS AND DECLARES FIRST QUARTER DIVIDEND Chicago, Illinois, February 1, 2016 - General Growth Properties, Inc. (the Company or GGP ) (NYSE: GGP) today reported results for

More information

DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2014 RESULTS

DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2014 RESULTS DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2014 RESULTS This news release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated

More information

DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2015 RESULTS AND ROBUST LEASING ACTIVITY

DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2015 RESULTS AND ROBUST LEASING ACTIVITY DREAM OFFICE REIT REPORTS SOLID SECOND QUARTER 2015 RESULTS AND ROBUST LEASING ACTIVITY This news release contains forward-looking information that is based upon assumptions and is subject to risks and

More information

MORGUARD REAL ESTATE INVESTMENT TRUST

MORGUARD REAL ESTATE INVESTMENT TRUST MORGUARD REAL ESTATE INVESTMENT TRUST SECOND QUARTER RESULTS 2015 MANAGEMENT S DISCUSSION AND ANALYSIS AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS PART I BASIS OF PRESENTATION Financial data included

More information

Brookfield financial Review q2 2010

Brookfield financial Review q2 2010 Brookfield financial Review q2 2010 Overview Operating cash flow and gains totalled $327 million in the second quarter or $0.53 per share compared to $294 million in the prior year. This brings operating

More information

MORGUARD CORPORATION. Management s Discussion and Analysis For the period ended December 31, 2011

MORGUARD CORPORATION. Management s Discussion and Analysis For the period ended December 31, 2011 MORGUARD CORPORATION Management s Discussion and Analysis For the period ended December 31, 2011 Chairman s Report to Shareholders THE COMPANY IS PLEASED TO PROVIDE THIS REVIEW OF OPERATIONS AND UPDATE

More information

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,

More information

Leadership in Alternative Asset Management

Leadership in Alternative Asset Management Leadership in Alternative Asset Management FIRST QUARTER REPORT, DECEMBER 31, 2008 REPORT TO SHAREHOLDERS ( IAM or the Corporation ) is pleased to present to shareholders the financial results of the Corporation

More information

SECURITIES AND EXCHANGE COMMISSION. Washington, D.C. 20549 FORM 8-K CURRENT REPORT

SECURITIES AND EXCHANGE COMMISSION. Washington, D.C. 20549 FORM 8-K CURRENT REPORT ˆ200FBJ2CQ3eg&rmwzŠ 200FBJ2CQ3eg&rmw NERPRFRS9 10.8.16 NER pf_rend 29-Jul-2011 06:56 EST 214712 TX 1 4* SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT PURSUANT TO SECTION 13 OR

More information

Letter to Shareholders

Letter to Shareholders Letter to Shareholders Today we announced a number of shareholder initiatives which, while not directly related to the creation of intrinsic value, are intended to ensure the value of our business trades

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

More information

PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION

PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION 1 PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION FORWARD LOOKING DISCLAIMER Certain information included in this presentation contains forward looking statements within the

More information

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)

JOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost

More information

GENERAL GROWTH PROPERTIES REPORTS THIRD QUARTER RESULTS Mall NOI Increases 4.0%

GENERAL GROWTH PROPERTIES REPORTS THIRD QUARTER RESULTS Mall NOI Increases 4.0% GENERAL GROWTH PROPERTIES REPORTS THIRD QUARTER RESULTS Mall NOI Increases 4.0% Chicago, Illinois, October 31, 2012 General Growth Properties, Inc. (the Company ) (NYSE: GGP) today reported results for

More information

CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2015 (UNAUDITED)

CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2015 (UNAUDITED) CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2015 (UNAUDITED) STATEMENTS OF FINANCIAL POSITION (Unaudited; in thousands of Canadian dollars) ($000s) Note September

More information

WESTFIELD REAL ESTATE INVESTMENT TRUST

WESTFIELD REAL ESTATE INVESTMENT TRUST Unaudited Financial Statements of WESTFIELD REAL ESTATE INVESTMENT TRUST Period from January 1, 2005 to March 31, 2005 BALANCE SHEET Assets March 31 2005 (unaudited) December 31 2004 (audited) Income-producing

More information

QUARTERLY AND YEAR END REPORT BC FORM 51-901F (previously Form 61)

QUARTERLY AND YEAR END REPORT BC FORM 51-901F (previously Form 61) British Columbia Securities Commission QUARTERLY AND YEAR END REPORT BC FORM 51-901F (previously Form 61) INCORPORATED AS PART OF: X Schedule A Schedules B and C (Place X in appropriate category.) ISSUER

More information

BPO PROPERTIES LTD. RENEWAL ANNUAL INFORMATION FORM

BPO PROPERTIES LTD. RENEWAL ANNUAL INFORMATION FORM BPO PROPERTIES LTD. RENEWAL ANNUAL INFORMATION FORM March 15, 2006 BPO PROPERTIES LTD. ANNUAL INFORMATION FORM TABLE OF CONTENTS Note Regarding Financial Information...i Forward-Looking Statements...i

More information

Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results

Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results January 30, 2014 Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results - Leased record 43.7 million square feet in Q4 and 152 million square feet in 2013 - - Occupancy increased to 95.1

More information

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year

More information

NORTH WEST COMPANY FUND PRESS RELEASE

NORTH WEST COMPANY FUND PRESS RELEASE NORTH WEST COMPANY FUND PRESS RELEASE FOR IMMEDIATE RELEASE "NORTH WEST COMPANY FUND REPORTS SECOND QUARTER RESULTS" Winnipeg, September 12, 2002: North West Company Fund (the "Fund") today reported 2002

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

Enbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend

Enbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend NEWS RELEASE Enbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars) Earnings for the second

More information

BROOKFIELD PROPERTY PARTNERS REPORTS FIRST QUARTER 2015 RESULTS

BROOKFIELD PROPERTY PARTNERS REPORTS FIRST QUARTER 2015 RESULTS NEWS RELEASE BROOKFIELD PROPERTY PARTNERS REPORTS FIRST QUARTER 2015 RESULTS All dollar references are in U.S. dollars, unless noted otherwise. HAMILTON, BERMUDA, April 30, 2015 Brookfield Property Partners

More information

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500 COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth

More information

THE EMPIRE LIFE INSURANCE COMPANY

THE EMPIRE LIFE INSURANCE COMPANY THE EMPIRE LIFE INSURANCE COMPANY Condensed Interim Consolidated Financial Statements For the six months ended June 30, 2013 Unaudited Issue Date: August 9, 2013 These condensed interim consolidated financial

More information

NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited)

NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited) NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited) ($Cdn thousands) Assets Current assets Cash and cash equivalents $ - $ - Accounts receivable and prepaids 42,980 30,317 Assets

More information

Kimco Realty Announces First Quarter 2016 Operating Results

Kimco Realty Announces First Quarter 2016 Operating Results Listed on the New York Stock Exchange (KIM) NEWS RELEASE Kimco Realty Announces First Quarter 2016 Operating Results Company Remains Focused on 2020 Vision: Sustaining High Occupancy, Reducing Joint Venture

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

MANAGEMENT DISCUSSION AND ANALYSIS For the year ended December 31, 2015

MANAGEMENT DISCUSSION AND ANALYSIS For the year ended December 31, 2015 MANAGEMENT DISCUSSION AND ANALYSIS For the year ended December 31, 2015 This Management Discussion and Analysis ( MD&A ) of Gulf & Pacific Equities Corp (the "Company") provides analysis of the Company's

More information

Holloway Lodging Corporation. Interim Consolidated Condensed Financial Statements (Unaudited) June 30, 2015 (in thousands of Canadian dollars)

Holloway Lodging Corporation. Interim Consolidated Condensed Financial Statements (Unaudited) June 30, 2015 (in thousands of Canadian dollars) Interim Consolidated Condensed Financial Statements August 12, Management s Report The accompanying unaudited interim consolidated condensed financial statements of Holloway Lodging Corporation (the Company

More information

Interim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited)

Interim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited) Interim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited) MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONSOLIDATED FINANCIAL

More information

MAPLEWOOD INTERNATIONAL REIT 2014 Second Quarter MD&A

MAPLEWOOD INTERNATIONAL REIT 2014 Second Quarter MD&A MANAGEMENT S DISCUSSION AND ANALYSIS and six June 30, 2014 August 15, 2014 TABLE OF CONTENTS CAUTION REGARDING FORWARD-LOOKING STATEMENTS... 1 BASIS OF PRESENTATION... 1 BUSINESS OVERVIEW... 2 INVESTMENT

More information

EASTGROUP PROPERTIES ANNOUNCES THIRD QUARTER 2015 RESULTS

EASTGROUP PROPERTIES ANNOUNCES THIRD QUARTER 2015 RESULTS FOR MORE INFORMATION, CONTACT: David H. Hoster II, Chief Executive Officer Marshall Loeb, President and Chief Operating Officer N. Keith McKey, Chief Financial Officer (601) 354-3555 EASTGROUP PROPERTIES

More information

NEWS RELEASE. Avcorp announces 2014 Third Quarter Financial Results. November 13, 2014

NEWS RELEASE. Avcorp announces 2014 Third Quarter Financial Results. November 13, 2014 Avcorp announces 2014 Third Quarter Financial Results Avcorp Industries Inc. 10025 River Way Delta, British Columbia Canada V4G 1M7 (604) 582 1137 (604) 582 2620 Fax info@avcorp.com Common Stock Listed

More information

NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited)

NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited) NUVISTA ENERGY LTD. Consolidated Statements of Financial Position (unaudited) ($Cdn thousands) Assets Current assets Cash and cash equivalents $ - $ - Accounts receivable and prepaids 35,443 30,317 Assets

More information

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at

More information

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations Exhibit 99.2 Q1. Analyst Package Consolidated Statement of Operations Page 1 of 8 Net Sales $ 1,788 $ 1,721 $ 1,736 Cost of products sold 1,399 1,385 1,361 Gross margin 389 336 375 Selling expenses 29

More information

HSBC FINANCE CORPORATION

HSBC FINANCE CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNDER THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNDER THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

Corus Entertainment Announces Fiscal 2014 Third Quarter Results

Corus Entertainment Announces Fiscal 2014 Third Quarter Results Corus Entertainment Announces Fiscal 2014 Third Quarter Results Consolidated revenues up 14% for the quarter and 11% year to date Consolidated segment profit up 23% for the quarter and 16% year to date

More information

Gazit-Globe Reports Year-End and Fourth Quarter 2015 Financial Results

Gazit-Globe Reports Year-End and Fourth Quarter 2015 Financial Results Gazit-Globe Ltd. For additional information: 1 HaShalom Rd. Adi Jemini Tel Aviv, Israel 67892 CFO, Gazit-Globe +972 3 694 8000 FOR IMMEDIATE RELEASE: Gazit-Globe Reports Year-End and Fourth Quarter 2015

More information

THIRD QUARTER REPORT SEPTEMBER 30, 2014. Over irty-five Years of Keeping Business Liquid

THIRD QUARTER REPORT SEPTEMBER 30, 2014. Over irty-five Years of Keeping Business Liquid THIRD QUARTER REPORT SEPTEMBER 30, 2014 Over irty-five Years of Keeping Business Liquid MESSAGE FROM THE PRESIDENT AND CEO Enclosed are the financial statements, as well as Management s Discussion and

More information

Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance

Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance News Release Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance Englewood, CO May 10, 2016 - Westmoreland Coal Company (NasdaqGM:WLB) today reported financial results for the

More information

Part 1 Introduction 3. Part 2 Performance Review 4. Part 3 Capitalization and Liquidity 28. Part 4 Analysis of Consolidated Financial Statements 35

Part 1 Introduction 3. Part 2 Performance Review 4. Part 3 Capitalization and Liquidity 28. Part 4 Analysis of Consolidated Financial Statements 35 Brookfield Asset Management SUPPLEMENTAL INFORMATION FOR THE QUARTER ENDED MARCH 31, Contents Page Part 1 Introduction 3 Part 2 Performance Review 4 Part 3 Capitalization and Liquidity 28 Part 4 Analysis

More information

ZOOMERMEDIA LIMITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ZOOMERMEDIA LIMITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) For the Three and Nine Months Ended March 31, 2013 and 2012 (These financial statements have not been reviewed nor audited by an independent audit

More information

Highwoods Reports Fourth Quarter and Full Year 2015 Results. $0.82 FFO per Share for Fourth Quarter 2015 (Including $0.01 of Land Sale Gains)

Highwoods Reports Fourth Quarter and Full Year 2015 Results. $0.82 FFO per Share for Fourth Quarter 2015 (Including $0.01 of Land Sale Gains) FOR IMMEDIATE RELEASE Ref: 16-05 Contact: Mark Mulhern Senior Vice President and Chief Financial Officer 919-875-6682 Reports Fourth Quarter and Full Year 2015 Results $0.82 FFO per Share for Fourth Quarter

More information

RE/MAX HOLDINGS REPORTS THIRD QUARTER 2013 RESULTS Increased Agent Count 4% Grew Revenue 5% and Adjusted EBITDA 13% Completed IPO in October 2013

RE/MAX HOLDINGS REPORTS THIRD QUARTER 2013 RESULTS Increased Agent Count 4% Grew Revenue 5% and Adjusted EBITDA 13% Completed IPO in October 2013 RE/MAX HOLDINGS REPORTS THIRD QUARTER 2013 RESULTS Increased Agent Count 4% Grew Revenue 5% and Adjusted EBITDA 13% Completed IPO in October 2013 Denver, Colorado, November 13, 2013. RE/MAX Holdings, Inc.

More information

eqube Gaming Limited Management Discussion and Analysis For the Three and Nine Month Periods Ended November 30, 2015

eqube Gaming Limited Management Discussion and Analysis For the Three and Nine Month Periods Ended November 30, 2015 FORM 51-102F1 1. Introduction The following management s discussion and analysis ( MD&A ) for eqube Gaming Limited (the Company ) should be read in conjunction with the Company s unaudited condensed interim

More information

WAJAX ANNOUNCES IMPROVED SECOND QUARTER 2003 EARNINGS

WAJAX ANNOUNCES IMPROVED SECOND QUARTER 2003 EARNINGS News Release TSE Symbol: WJX WAJAX ANNOUNCES IMPROVED SECOND QUARTER 2003 EARNINGS (Dollars in millions, except per share data) Three Months Ended June 30 Six Months Ended June 30 2003 2002 2003 2002 Revenue

More information

Condensed Interim Consolidated Financial Statements

Condensed Interim Consolidated Financial Statements Condensed Interim Consolidated Financial Statements Unaudited (Expressed in Canadian dollars) NOTICE TO READER: These condensed interim consolidated financial statements have not been reviewed by the Company's

More information

(Formerly CVTech Group Inc.)

(Formerly CVTech Group Inc.) (Formerly CVTech Group Inc.) Condensed Interim Consolidated Financial Statements For the three months ended, 2014 Consolidated Statement of Financial Position (in thousands of Canadian dollars) December

More information

TUCKAMORE CAPITAL MANAGEMENT INC.

TUCKAMORE CAPITAL MANAGEMENT INC. Consolidated Interim Financial Statements of TUCKAMORE CAPITAL MANAGEMENT INC. Three and Six Months Ended June 30, 2013 and 2012 (Unaudited) These statements have not been reviewed by an independent firm

More information

Franchise Services of North America Inc.

Franchise Services of North America Inc. Franchise Services of North America Inc. Q2 Second Quarter Report for the Six Months Ended March 31, 2007 Report to Shareholders Dear Fellow Shareholders: We are pleased to present to you the second report

More information

THE EMPIRE LIFE INSURANCE COMPANY

THE EMPIRE LIFE INSURANCE COMPANY THE EMPIRE LIFE INSURANCE COMPANY Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2013 Unaudited Issue Date: November 6, 2013 These condensed interim consolidated

More information

Q1 FOR THE PERIOD ENDED MARCH 31, 2006

Q1 FOR THE PERIOD ENDED MARCH 31, 2006 Q1 FOR THE PERIOD ENDED MARCH 31, 2006 I N T E R I M R E P O R T HIGHLIGHTS For the Three Months Ended March 31 December 31 March 31 2006 2005 2005 Financial ($000, except $ per unit) Revenue oil and

More information

Interim report to the shareholders for the six months ended March 31, 2011

Interim report to the shareholders for the six months ended March 31, 2011 Interim report to the shareholders for the six months ended March 31, 2011 CASTING AND EXTRUSION AUTOMOTIVE SOLUTIONS 1 NOTICE TO READER The attached consolidated financial statements have been prepared

More information

TIME WARNER CABLE INC. CONSOLIDATED BALANCE SHEET (Unaudited)

TIME WARNER CABLE INC. CONSOLIDATED BALANCE SHEET (Unaudited) CONSOLIDATED BALANCE SHEET June 30, December 31, 2011 2010 (in millions) ASSETS Current assets: Cash and equivalents...$ 3,510 $ 3,047 Receivables, less allowances of $86 million and $74 million as of

More information

ACADIAN TIMBER CORP. REPORTS FIRST QUARTER RESULTS

ACADIAN TIMBER CORP. REPORTS FIRST QUARTER RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2012 First Quarter Results conference call via webcast on Wednesday, May 2, 2012 at 1:00 p.m. ET at www.acadiantimber.com

More information

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows Sri Lanka Accounting Standard-LKAS 7 Statement of Cash Flows CONTENTS SRI LANKA ACCOUNTING STANDARD-LKAS 7 STATEMENT OF CASH FLOWS paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS

More information

BRIGHTPATH EARLY LEARNING INC. FOR IMMEDIATE RELEASE

BRIGHTPATH EARLY LEARNING INC. FOR IMMEDIATE RELEASE BRIGHTPATH EARLY LEARNING INC. FOR IMMEDIATE RELEASE BRIGHTPATH RECORDS HIGHEST EVER REVENUE AND CENTRE MARGIN IN FISCAL YEAR 2015 AND SIGNIFICANT SUCCESS IN NEW CENTRE OPENINGS TORONTO, March 30, 2016/CNW/

More information

EMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)

EMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) TABLE 1 Quarter Ended March 31, Percent Change Net Sales $ 5,854 $ 5,919 1% Costs and expenses: Cost of sales 3,548 3,583

More information

2004 THIRD QUARTER REPORT TO UNITHOLDERS

2004 THIRD QUARTER REPORT TO UNITHOLDERS 2004 THIRD QUARTER REPORT TO UNITHOLDERS Report to Unitholders The North West Company Fund reports third quarter earnings to October 30, 2004 of $11.0 million, an increase of 3.2% compared to last year

More information

Jones Lang LaSalle Income Property Trust, Inc.

Jones Lang LaSalle Income Property Trust, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event

More information

Interim Report Fiscal 2003

Interim Report Fiscal 2003 Interim Report Fiscal 2003 2nd Quarter Message to Shareholders and Analysis of Operating Results and Financial Position We are pleased to present the results for the second quarter of fiscal 2003 for Saputo

More information

BALANCE SHEET HIGHLIGHTS

BALANCE SHEET HIGHLIGHTS Home Capital Reports Q1 Earnings: Diluted Earnings per Share of $0.92; adjusted diluted earnings per share of $0.96 Dividend of $0.24 per common share. Toronto, May 4, 2016 - Home Capital today reported

More information

KALLISTO ENERGY CORP.

KALLISTO ENERGY CORP. KALLISTO ENERGY CORP. Q3 2014 Condensed Interim Consolidated Financial Statements (unaudited) Condensed Interim Consolidated Balance Sheets (in $CAD) Unaudited Notes September 30, 2014 December 31, 2013

More information

ENTERPRISE OIL LIMITED

ENTERPRISE OIL LIMITED ENTERPRISE OIL LIMITED Management s Discussion and Analysis For the six month period ended March 31, 2006 Enterprise Oil Limited ( Enterprise or the Company ) completed its first acquisition, the assets

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%

More information

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended

More information

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS NAS 03 NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-3 BENEFITS OF CASH FLOWS INFORMATION 4-5 DEFINITIONS 6-9 Cash and cash equivalents 7-9 PRESENTATION OF A

More information

Hart Stores Inc. Management s Discussion and Analysis

Hart Stores Inc. Management s Discussion and Analysis This ( MD&A ) update is current as of September 7, 2010. This report should be read in conjunction with Hart Stores Inc. ( the Company ) unaudited interim consolidated financial statements for the six

More information

NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS

NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS TORONTO, CANADA August 11, 2010 -- Russel Metals Inc. (RUS TSX) today announced second quarter earnings of $19

More information

Baja Mining Corp. Condensed Interim Consolidated Financial Statements Unaudited September 30, 2015 (expressed in thousands of US dollars)

Baja Mining Corp. Condensed Interim Consolidated Financial Statements Unaudited September 30, 2015 (expressed in thousands of US dollars) Condensed Interim Consolidated Financial Statements Unaudited 2015 (expressed in thousands of US dollars) Notice of no Auditor Review of Interim Financial Statements Under National Instrument 51-102, Part

More information

Seaspan Reports Financial Results for the Quarter Ended March 31, 2016

Seaspan Reports Financial Results for the Quarter Ended March 31, 2016 April 25, 2016 Seaspan Reports Financial Results for the Quarter Ended March 31, 2016 Continued Growth in Revenue and Cash Flow HONG KONG, CHINA--(Marketwired - April 25, 2016) - Seaspan Corporation ("Seaspan")

More information

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million Contact: Mark Polzin (314) 982-1758 John Hastings (314) 982-8622 EMERSON REPORTS RECORD FIRST-QUARTER 2006 RESULTS Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to

More information

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited)

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) March 31,2000 TABLE OF CONTENTS CONSOLIDATED INCOME 2 CONSOLIDATED CONTINUITY OF EQUITY 3 CONSOLIDATED

More information

Interim Condensed Consolidated Financial Statements NOBLE IRON INC. For the three months ended March 31, 2015 and 2014 (Unaudited)

Interim Condensed Consolidated Financial Statements NOBLE IRON INC. For the three months ended March 31, 2015 and 2014 (Unaudited) Interim Condensed Consolidated Financial Statements NOBLE IRON INC. MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL

More information

Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent from Prior Year

Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent from Prior Year Media: Analysts: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: August 6, 2008 Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent

More information

GAZIT-GLOBE LTD. Directors Report to Shareholders For the periods ended September 30, 2006

GAZIT-GLOBE LTD. Directors Report to Shareholders For the periods ended September 30, 2006 GAZIT-GLOBE LTD. Directors Report to Shareholders For the periods ended September 30, 2006 The Board of Directors of Gazit-Globe Ltd. (hereinafter the Company ) is pleased to present the financial statements

More information

NEWMARKET GOLD INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS. For the Three and Six Months Ended June 30, 2015 and 2014

NEWMARKET GOLD INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS. For the Three and Six Months Ended June 30, 2015 and 2014 NEWMARKET GOLD INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Expressed in Canadian Dollars - Unaudited) NOTICE OF NO AUDITOR REVIEW Under National Instrument 51-102, Part 4, subsection 4.3(3)

More information

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2 INDEX TO FINANCIAL STATEMENTS Page Financial Statements Balance Sheets as of and December 31, 2014 (Unaudited) F-2 Statements of Operations for the three months ended and 2014 (Unaudited) F-3 Statements

More information

NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788

NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 Financial and Media Contact: STRATUS PROPERTIES INC.

More information

TITANIUM CORPORATION INC. (A Development Stage Company) FINANCIAL STATEMENTS AUGUST 31, 2006 and 2005

TITANIUM CORPORATION INC. (A Development Stage Company) FINANCIAL STATEMENTS AUGUST 31, 2006 and 2005 TITANIUM CORPORATION INC. FINANCIAL STATEMENTS AUGUST 31, 2006 and 2005 PricewaterhouseCoopers LLP Chartered Accountants PO Box 82 Royal Trust Tower, Suite 3000 Toronto Dominion Centre Toronto, Ontario

More information

For Immediate Release

For Immediate Release For Immediate Release BRAMPTON BRICK REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2014 (All amounts are stated in thousands of Canadian dollars, except per share amounts.) BRAMPTON,

More information

OPAWICA EXPLORATIONS INC.

OPAWICA EXPLORATIONS INC. (An Exploration Stage Company) CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED FEBRUARY 28, 2015 AND 2014 UNAUDITED NO AUDITOR REVIEW OF CONDENSED INTERIM FINANCIAL STATEMENTS These unaudited

More information

The Students Union, The University of Calgary. Financial Statements June 30, 2014

The Students Union, The University of Calgary. Financial Statements June 30, 2014 The Students Union, The University of Calgary Financial Statements June 30, November 18, Independent Auditor s Report To the Members of The Students Union, The University of Calgary We have audited the

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information