 Q2 Report 2001
|
|
Consolidated Statement of Operations and Retained Earnings (Deficit)
| (in thousands of Canadian dollars except per share data) |
 |
Three months ending
June 30 |
|
Six months ending
June 30 |
| |
|
2001 |
|
2000 |
|
2001 |
|
2000 |
|
|
Revenues
|
$ |
23,775 |
$ |
22,085 |
$ |
47,943 |
$ |
47,242 |
| Cost of revenues |
|
16,151 |
|
18,869 |
|
33,547 |
|
37,010 |
|
| Gross margin |
|
7,624 |
|
3,216 |
|
14,396 |
|
10,232 |
| |
|
|
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
|
|
|
| Branch and corporate administration costs |
|
5,027 |
|
4,993 |
|
10,005 |
|
10,248 |
| Interest |
|
236 |
|
275 |
|
476 |
|
514 |
| Depreciation and amortization |
|
517 |
|
532 |
|
1,050 |
|
1,065 |
|
| |
|
5,780 |
|
5,800 |
|
11,531 |
|
11,827 |
|
| Earnings before income taxes |
|
1,844 |
|
(2,584) |
|
2,865 |
|
(1,595) |
| Future income taxes |
|
568 |
|
234 |
|
648 |
|
419 |
| Current income taxes |
|
|
|
11 |
|
|
|
11 |
|
| Net earnings for the period |
|
1,276 |
|
(2,829) |
|
2,217 |
|
(2,025) |
| |
|
|
|
|
|
|
|
|
| Retained earnings (deficit),, beginning of period |
|
360 |
|
(131) |
|
(581) |
|
(1,822) |
| Adjustment for future income taxes |
|
|
|
|
|
|
|
887 |
|
| Retained earnings (deficit), end of period |
$ |
1,636 |
$ |
(2,960) |
$ |
1,636 |
$ |
(2,960) |
|
| Earnings per share on a basic and dilutive basis |
$ |
0.067 |
$ |
(0.150) |
$ |
0.117 |
$ |
(0.116) |
|
| Weighted number of average shares outstanding |
|
19,022 |
|
18,806 |
|
19,022 |
|
17,435 |
|
|
