ERILF.. $0.1233..USD..
Since it's an ARB. stock and go thru E-Trade.. I have never had a problem.. There is an I-Hub board and it shows the Cdn, trades and a little bit of pencil work will give you the US price.. I always give them enough room to make an Arb. fee and have never had any problems buying any Canadan stocks thru them in size,, Half of the trades never appear on L2.. I hope this helps.. Bobwins first brought it to the board and I have accumulated over 200 K W/O any problems..
04/22/14 10:51 AM EDT Buy 46112 ERILF Executed @ $0.1243 Details | Edit
04/22/14 10:37 AM EDT Buy 30000 ERILF Executed @ $0.1233 Details | Edit
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Empire Industries Reports 2013 Profit of $4.4 Million
Empire Industries Ltd. (TSX VENTURE:EIL) today reported its audited consolidated
financial results for the year ended December 31, 2013. The audited consolidated
financial statements and MD&A have been filed on SEDAR and can be viewed at
www.sedar.com or at www.empind.com.
Summary of 2013 annual results
-- Revenues increased by $34.1 million, or 41% (to $117.8 million from
$83.7 million in 2012)
-- Adjusted EBITDA increased by $4.3 million, or 215% (to $6.3 million from
$2.0 million in 2012)
-- Net Income increased by $5.0 million (to $4.4 million from a net loss of
$0.6 million in 2012). Net Income was $0.02 per share in 2013 versus Nil
in 2012.
-- Backlog of $116 million, up from $73 million at of the Group's third
quarter report;
For the quarter and year ended
December 31
($ millions except share price and Fiscal Fiscal Q4 Q4
per share amounts) 2013 2012 2013 2012
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Financial Results
Revenue 117.8 83.7 31.5 24.6
Adjusted EBITDA ($)(1) 6.3 2.0 1.2 -
Adjusted EBIT ($)(1) 5.2 0.9 1.0 -
Net income from all operations 4.4 (0.6) 0.7 (2.4)
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Financial Position (at December 31)
Total assets 52.3 36.3 53.3 36.3
Long-term debt (including current
portion) 4.6 3.7 4.6 3.7
Shareholders' equity 15.3 7.2 15.3 7.2
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Per Share Information
Income per share (Basic) 0.02 (0.00) (0.005) (0.01)
Income per share (Diluted) 0.02 (0.00) (0.005) (0.01)
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(1) Adjusted earnings (loss) before interest, tax, depreciation and
amortization (Adjusted EBITDA) is not defined by IFRS. The definition of
Adjusted EBITDA does not take into account the Group's share of profit of an
associate investment, gains and losses on the disposal of assets, fair value
changes in foreign currency forward contracts and non-cash components of
stock based compensation. Adjusted EBIT is the result of the Group's
Adjusted EBITDA less depreciation and amortization expenses. While not IFRS
measures, Adjusted EBITDA and Adjusted EBIT are used by management,
creditors, analysts, investors and other financial stakeholders to assess
the Group's performance and management from a financial and operational
perspective.
"There are three observations I would like to highlight. First, our return to
positive EBITDA is gaining momentum because of the successful transformation of
our business in response to market threats and opportunities. Secondly, we have
significantly increased our investment in broadening and strengthening our
proprietary engineered product line, the benefit of which will come in the
months and years ahead. Thirdly, our geographic diversity continues to gather
momentum as can be seen in the more than doubling of revenue from exports to
Asia and the Middle East aggregating $49 million in 2013," said Guy Nelson,
Chief Executive Officer of Empire Industries Ltd. "Since we launched our Dynamic
Attractions business unit, the Company has secured contracts in excess of $60
million to design, fabricate and install proprietary, amusement and media-based
attractions to the global amusement park market. I expect this trend of
increasing bottom line performance by all three of our business segments to
continue because the markets we are targeting have a robust outlook of growth
ahead of them."
About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells
these products domestically and in select international export markets. The
company has developed, designed and engineered products for the rapidly growing,
global, media based attractions market. The company also provides steel
fabrication & installation services, primarily to the industrial, commercial and
infrastructure market in Western Canada. The company also has two key strategic
equity partnerships; a 49% ownership of ACE Industrial Services that operates in
the oil sands industrial maintenance services market, and a 45% ownership of a
Chinese joint venture company in the steel fabrication market in Asia. Empire's
common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com.
Reader Advisory
This news release contains forward-looking statements, within the meaning of
applicable securities legislation, concerning Empire's business and affairs. In
certain cases, forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or variations of such words
and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". These forward
looking statements are based on current expectations, and are naturally subject
to uncertainty and changes in circumstances that may cause actual results to
differ materially. Readers are cautioned not to place undue reliance on such
forward-looking statements. Forward-looking information is provided as of the
date of this press release, and Empire assumes no obligation to update or revise
them to reflect new events or circumstances, except as may be required under
applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Empire Industries Ltd.
Guy Nelson
Chief Executive Officer
(416) 366-7977
gnelson@empind.com
Empire Industries Ltd.
Allan Francis
Vice President - Corporate Affairs and Administration
(204) 589-9301
afrancis@empind.com
www.empind.com
hank
