This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:West Mountain Capital earns $639,003 in Q2 2009 2009-08-25 10:26 ET - News Release Mr. Paul Antle reports WEST MOUNTAIN CAPITAL CORP. ANNOUNCES Q2 RESULTS AND NEW CFO
West Mountain Capital Corp. has released its financial results for the three and six months ended June 30, 2009. For the three-month period ending June 30, 2009, the company generated $1,893,923 in sales and earnings before interest, taxes, depreciation and amortization (EBITDA) of $757,864 versus $230,467 and negative $431,996 respectively for the same period in 2008. Net income increased to $639,003 in 2009 from negative $511,381 for the same period in 2008 and the company's working capital increased by $101,332. During the second quarter the company's soil treatment facility located in Wolseley, Sask., was restarted to treat stored waste stockpiles before beginning work on its Western Canadian remediation contract that commenced in May. "We made excellent progress in the second quarter after starting our remediation contract in Saskatchewan combined with the cost saving measures we made last year and into the first quarter," said Paul Antle, president and chief executive officer. "These are very challenging times and we are now better positioned for improved conditions ahead. The results are a marked improvement over the same three-month period last year with revenues increasing by $1.62-million. Also during the period the company achieved its first operating profit due mainly to the volume of soil being processed and increased margins." The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page