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Manitoba Telecom Services

Joe Bryksa/The Canadian Press

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Home Capital Group Inc. (HCG-T) reported a drop in third-quarter profit compared to a year ago and increased its quarterly dividend.

The company said its net income was $66.2-million, compared with $72.4 million a year ago.

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Earnings per share came in at $1.01, versus $1.03 a year ago. Analysts were expecting earnings to be 76 cents in the most recent quarter.

Revenue was $243.9-million, up from $247.2-million a year ago.

Its provision for credit losses as a percentage of gross uninsured loans was 0.04 per cent on an annualized basis, compared to 0.08 per cent.

Home Capital increased its dividend by 2 cents to 26 cents, for an annual dividend of $1.04 per share.

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Savaria Corp. (SIS-T) reported third-quarter revenue of $32.4-million, up 35 per cent from a year ago.

Analysts were expecting revenue of $23.2-million.

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Operating income was $4.9-million, an increase of 70.7 per cent.

Earnings before interest, taxes, depreciation and amortization were $5.8-million, up from $3.8-million a year earlier

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Pengrowth Energy Corp. (PGF-T; PGH-N) reported a net loss of $52.9-million in the third quarter, compared to a loss of $329.6-million a year ago.

Funds flow from operations were $122.7-million versus $120.6-million a year ago.

"Our relentless focus on both our cost structures and asset performance continues to deliver significant and sustainable results for the organization," stated CEO Derek Evans. "We are in discussions with our note holders and bank lenders to negotiate additional financial flexibility for the company as we work to reduce our debt position."

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Kinaxis Inc. (KXS-T) reported third-quarter revenue of $29.9-million, up 26 per cent versus a year ago.

Profit for was $2.4-million or 9 cents per share compared to a profit of $3.8-million or 15 cents per diluted share for the same period in 2015.

Analysts were expecting revenue of $29-million and earnings of 21 cents per share.

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Morguard Real Estate Investment Trust (MRT.UN-T) says funds from operations for the three months ended Sept. 30 was $26-million or 39 cents per unit.  The company said that's a 1-cent per unit decrease over the same period in 2015.

Total net operating income was $38.2-million, a decrease of $1.8-million over the same period in 2015.

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Manitoba Telecom Services Inc. (MTS-T) reported third-quarter operating revenues of $253.3-million, up from $250.9-million a year ago.

The company, which is awaiting regulatory approval of a takeover by BCE Inc., reported earnings per share of 24 cents, compared to 34 cents a year ago.

Analysts were expecting earnings of 28 cents per share and revenue of $187.6-million.

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Echelon Financial Holdings Inc. (EFH-T) reported third-quarter net operating income of $1.6-million or 13 cents per share, compared to an income of $3.6-million or 30 cents per share in the third quarter of 2015.

Net income attributable to shareholders on continuing  operations was 10 cents per share compared to a loss of 11 cents a year earlier.

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ZCL Composites Inc. (ZCL-T) reported third-quarter revenue of $57.9-million, up $2.3 million or 4 per cent from $55.6-million a year ago.

Net income was $7.7-million or 25 cents per share, compared to net income of $7.9 million or 26 cents per share a year ago.

Analysts were expecting earnings of 20 cents per share.

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Trinidad Drilling Ltd. (TDG-T) said third-quarter revenue fell 46 per cent to $67-million compared to a year ago.

Analysts were expecting revenue to be around $60.3-million

Funds from operations came in at a loss of 5 cents per share, compared to a profit of 9 cents last year.

The company reported a net loss of $35.8-million or 16 cents per share, versus a loss of $87.5-million or 48 cents a year ago.

"We are beginning to see improving confidence in the industry," stated CEO Lyle Whitmarsh. "Overall third quarter 2016 results were lower than the same period last year; however, on a sequential basis we are seeing improvements in a number of operating metrics. Customer demand is increasing and we are continuing to reactivate rigs across our operations. As activity levels grow, we are closely monitoring costs and working to maintain efficiency gains we have created over the past two years."

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Osisko Mining Inc. (OSK-T) has sold 3.1-million shares of IDM Mining Ltd. at an average price of approximately 18 cents per share for total consideration of $565,058.

That brings its position below 10 per cent, Osisko said in a release.

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Westshore Terminals Investment Corp. (WTE-T) reported third-quarter revenue of $80.3-milllion compared to $81.5-million a year ago.

Profit was $26-million or 35 cents per share, compared to $32.4-million or 44 cents a year ago.

Analysts were expecting earnings to be 31 cents per share.

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Granite Real Estate Investment Trust and Granite REIT Inc. (GRT.UN-T; GRP.U-N) has increased its annualized distribution to $2.60 from $2.40 per unit.

The REIT also reported revenue of $56.3-million in the quarter compared to $54.9-million a year ago.

Funds from operations were $42.2-million or 90 cents per unit, compared to $39.8-million or 85 cents per unit.

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Premium Brands Holdings Corp. (PBH-T) reported third-quarter revenue of $481-million, a 22.5-per-cent increase as compared to the third quarter of 2015.

Earnings came in at 73 cents per share, up from 55 cents a year ago.

Analysts were expecting revenue of $364.8-million and earnings of 54 cents per share.

"While the improvement in our results was generated broadly across our portfolio of businesses, a key driver was the investments we have made internally and in acquisitions over the last three years," stated CEO George Paleologou. "These initiatives, many of which were based on 10-year plus investment horizons, are now generating their expected returns."

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Resolute Forest Products Inc. (RFP-N; RFP-T) reported net income for the quarter ended Sept. 30 of $14-million, or 15 cents per share, compared to net loss of $6-million, or 7 cents per share, in the same period in 2015.

Sales were $888-million in the quarter, down $17-million, or 2 per cent, from the third quarter of 2015.

Excluding special items, the company reported net income of $19-million, or 21 cents per share, compared to net income of $14-million, or 15 cents per share, in the third quarter of 2015.

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Dorel Industries Inc. (DII.B-T; DII.A-T) reported third-quarter revenue of $671.3-million (U.S.), down 1.2 per cent from $679.3-million a year ago.

Net income was $15.9-million or 49 cents per share, compared to a reported net loss of $8.8-million or 27 cents per share last year.

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NeuLion Inc. (NLN-T) reported a net loss of $2.7-million in the third quarter, an improvement from a net loss of $3.1-million a year ago.

Revenue was $23.9-million or $21.9-million a year ago.

Analysts were expecting revenue of $25.2-million in the most recent quarter.

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KP Tissue Inc. (KPT-T) says third-quarter revenue increased by 6.5 per cent to $312.8-million compared to a year ago.

Analysts were expecting revenue of $295.8-million in the most recent quarter.

Net income was $21.6-million compared to a net loss of $5.9-million a year ago.

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Newmarket Gold Inc. (NMI-T) reported third-quarter revenue of $71.9-million (U.S.) compared to $60.7-million a year ago.

Net income was $7.1-million or 4 cents per share, compared to a loss of $10.3-million or 8 cents per share a year ago.

The company said the prior year quarterly results were impacted by transaction costs of $15.1-million associated with the amalgamation of Newmarket Gold and Crocodile Gold, which accounted for a per share loss of 11 cents.

Analysts were expecting revenue of $69.9-million and earnings of 8 cents per share.

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Kirkland Lake Gold Inc. (KLG-T) reported revenue of $131.6-million for the three months ended Sept. 30, compared to $50.5-million for the three months ended Oct. 31, 2015.

Net income was $24.8-milllion or 24 cents per share compared to $2.1-million or 3 cents for the comparable period last year.

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Wi-Lan Inc. (WIN-T; WILN-Q) reported third-quarter net income of $700,000 or a penny per share, compared with $800,000 or a penny per share a year ago.

Revenues were $16.6-million down from $21.4-million a year ago.

Analysts were expecting revenue of $21.3-million.

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Slate Retail REIT (SRT.UN-T) reported third-quarter net operating income of $17-million (U.S.) compared to $16.3-million a year ago.

Funds from operations came in at 32 cents per unit, down from 33 cents in the same quarter in 2015.

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Pulse Seismic Inc. (PSD-T) reported third-quarter revenue of $5.6-million, up from $4.7-million a year ago.

Its net loss was $302,000 or a penny per share, versus a loss of $1.6-million or 3 cents per share a year ago.

Analysts were expecting a loss of 2 cents per share and revenue fo $3.4-million.

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About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

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