Dominion Citrus Income Fund (TSX: DOM.UN) Second Quarter 2011 Report to Unitholders
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/11/11 -- Three months ended July 2, 2011 and June 26, 2010
Dominion Citrus Income Fund ("Dominion", the "Fund") (TSX: DOM.UN) reports operating profit of $262,000 for the three months ended July 2, 2011. This compares to an operating loss of $383,000 during the same period in 2010, thus marking a positive year-over-year increase of $645,000 in operating profit. The Fund recorded restructuring expenses of $171,000 during the quarter as it prepared to complete its move from the 51 Kelfield Street warehousing facility. Insurance proceeds of $712,000 were also recorded during the quarter as per the June 16, 2011 press release.
After accounting for these one-time items, the Fund had a net profit from continuing operations of $732,000 or $0.03 per unit compared to a net loss of $354,000 or $0.02 per unit for the same period in 2010. The net earnings from discontinued operations for the same periods were a net loss of $31,000 or $0.00 per unit versus a net loss of $42,000 or $0.00 per unit in 2010.
The second quarter of 2011 marks the first quarter in which the Fund will not have an auditor review performed on its financial statements.
About Dominion
The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus Limited ("DCL") were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of DCL are listed on the TSX under the symbol DMN.PR.A.
Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. Dominion also supplies products to customers in the United States. The Fund's website may be accessed at .
Contacts:
Investors and Media:
Dominion Citrus Ltd.
Jason Fielden
President & CEO
416-242-8341 x250
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 20:45 Uhr
Sprache: Deutsch
News-ID 45441
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Personal Finance
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Dominion Citrus Income Fund (TSX: DOM.UN) Second Quarter 2011 Report to Unitholders"
steht unter der journalistisch-redaktionellen Verantwortung von
Dominion Citrus Income Fund (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
