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Friday's small-cap stocks to watch

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

Aimia Inc. (AIM-T) reported fourth-quarter revenue of $689-million, down 6 per cent from $734.3-million a year earlier.

Analysts were expecting revenue of $682.9-million.

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Its net loss was $57.2-million or 40 cents per share compared to a loss of $24.7-million a year earlier.

Adjusted net earnings were 20 cents versus 17 cents a year.

Aimia also announced it has reached an agreement for Mail Newspapers to join Nectar, the U.K.'s largest loyalty program.

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Western Forest Products Inc. (WEF-T) reported fourth-quarter revenue of $293-million, as compared to $265.6-million a year

"Growing demand and strong pricing for the Company's log and lumber products, and a 3-per-cent increase in lumber production, as compared to the same quarter last year, drove the Company's fourth quarter revenue growth," it said in a release.

Net income was $36.2-million or 9 cents per share as compared to $9.9-million or 2 cents a year earlier.

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Analysts were expecting revenue of $280-million and earnings of 5 cents per share.

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Sherritt International Corp. (S-T) reported fourth-quarter revenue of $70.5-million down from $76.5-million a year earlier.

Combine revenue was $240.3-million versus $229.5-million a year ago.

Its net loss was $106.7-million or 37 cents per share compared to a loss of $1.8-million or $5.99 a year earlier.

Analysts were expecting revenue of $71.7-million and a loss of 22 cents per share.

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The company is also considering a complete exit from its Madagascar mine project.

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Superior Plus Corp. (SPB-T) reported fourth-quarter revenue of $583.1-million compared to $546-million a year earlier.

Its net loss was $22.8-million or 19 cents per share compared to a profit of $20.2-million or 13 cent a year earlier.

Adjusted EBITDA was $77.3-million versus $71.3-million a year earlier.

Analysts were expecting revenue of $629.6-million and earnings of 18 cents per share.

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Lucara Diamond Corp. (LUC-T) reported fourth-quarter revenue of $66-million up from $65.2-million a year earlier.

Net income was $11.2-million or 3 cents per share versus $19-million or 5 cents a year earlier.

Analysts were expecting revenue of $68.5-million and earnings of 5 cents per share.

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Boardwalk Real Estate Investment Trust (TSX-T) reported fourth-quarter funds from operations (FFO) of $29.6-million or 58 cents per trust unit.

That compared to FFO of $44.2-million or 86 cents per trust unit for the same period last year, a decrease of 33 per cent.

"In 2016, the Trust continued to feel the effects of a softer economic environment in Western Canada as a result of lower resource prices, negative GDP growth in Alberta, significant new supply of purpose built rentals and in comparison to record results in 2015," it said in a release.

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Equitable Group Inc. (EQB-T) announced a 4.5-per-cent dividend increase and reported record fourth-quarter net income of $41.7-million, up 33 per cent from $31.4 million a year ago.

Earnings per share came in at $2.56, up 33 per cent from $1.93 a year earlier.

Analysts were expecting earnings of $2.20 per share.

The company declared a dividend of 23 cents per share, up 4.5 per cent and the 10th increase in the past six years.

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Sienna Senior Living Inc. (SIA-T) reported fourth-quarter net operating income of $27.4-million up from $22-million a year ago.

Adjusted funds from operations came in at $15.2-million compared to $12.2-million a year ago.

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Russel Metals Inc. (RUS-T) reported fourth-quarter revenues of $654-million compared to $673-million a year earlier.

Net income was $22.7-million or 36 cents per share, compared to a net loss of $135.3-mllion or $2.19 a year earlier.

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Echelon Financial Holdings Inc. (EFH-T) reported fourth-quarter net operating income of $4.9-million or 40 cents per share compared to $4.7-million or 39 cents per share in the fourth quarter of 2015.

Net income was $2.6-million or 22 cents per share compared to $8.8-million or 39 cents a year earlier.

Investment income was $3.2-million compared to $6.3-million in the fourth quarter of 2015 "primarily due to lower preferred shares mark-to-market gains in the quarter compared to prior year quarter."

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Alberta Investment Management Corporation (AIMCo) announced a "significant investment" in Perpetual Energy Inc., (PMT-T) which includes $45-million debt-with-warrants financing.

AIMCo will purchase 2.6 million units at $1.75 each.

Perpetual also announced a $9-million non-brokered equity private placement and said it will increase the total borrowing capacity by $14-million to $20 million.

"The financing transactions will deliver an additional $68-million of liquidity and reduce pro forma debt by $9-million," the company said.

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A&W Revenue Royalties Income Fund (AW.UN-T) is raising $14.6-million in a private placement on a bought deal basis.

Under the agreement, Laurentian Bank Securities Inc. is buying 373,300 units of the fund at a price of $39.25 each.

"The sale is being made at the request of certain indirect shareholders of the parent company of [A&W} Food Services who will receive the net proceeds from the sale of the units for their personal financial planning requirements," the fund said. "The Fund will not receive any proceeds of the sale of units. "

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