Tuesday, November 12, 2013

Logistec Corporation - LGT.B

Logistec Corporation - LGT.B provides close to 60 years of experience in stevedoring and terminal operations at its facilities located in 24 ports. Combining logistics and technology has allowed the company to evolve from a one port operation in 1952 to a multifaceted North American marine transportation service provider.
 


On November 12, 2013 the company released News

"Logistec Announces Record Results for the Third Quarter of 2013

Montréal, Québec, November 12, 2013 - Logistec Corporation [TSX: LGT.A and LGT.B], a marine and environmental services provider, today announced its financial results for the third quarter and first nine months ended September 28, 2013.

During the third quarter of 2013, consolidated revenue rose to another third-quarter record high. Revenue totalled $88.7 million, an increase of $10.3 million or 13.1% over the same period of 2012. The marine services segment's revenue grew by $12.0 million or 33.6% to $47.9 million for the third quarter of 2013, whereas the environmental services segment's revenue amounted to $41.6 million, down $1.0 million from the third quarter of 2012. The growth in the marine services segment reflected an overall increase in cargo volumes handled in all regions. The third quarter of 2013 closed with a consolidated profit attributable to owners of the Company of $11.6 million, compared with $7.1 million for the same period of 2012. For the third quarter of 2013, the profit attributable to owners of the Company translated into total basic and diluted earnings per share of $1.79, of which $1.72 was attributable to Class A Common Shares and $1.89 was attributable to Class B Subordinate Voting Shares.
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http://pennystockjournal.blogspot.com/2013/11/logistec-corporation-lgtb.html



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