North West Terminal Ltd. continues to post strong results for the first nine months of operation in 2011-12.
The board of directors reported Monday that the Unity-based company made a net profit of $4,543,144 million, or 1.39 cents a share, for the period beginning Nov. 1, 2011 and ending July 31 of this year.
For the same period, NWT posted revenues from consolidated operations of $94.6 million and an EBITDA of $8,865,102 (unaudited).
In their news release, the company noted their financial performance is substantially ahead of the same period last year with a net profit of $3,345,651 for 1.02 cents per share, revenues from operations of $81.4 million, and an EBITDA of $7,331,914.
They cite increased production and shipments by its bio-products operations for the increase. North West Terminal owns and operates an inland terminal and a bio products manufacturing facility at its Unity location.
In a statement, NWT president John Leier noted the board was pleased with the performance of the company in the first nine months.
"It is good to see all of our planning over the past 10 years benefiting the company and its shareholders. This is a very dynamic period in the grain industry with the elimination of the Canadian Wheat Board's monopoly and I'm pleased to report that NWT is well-positioned as a locally-owned company to continue providing superior serve and marketing options to its customers."
