The board of directors of North West Terminal Ltd. (NWT) is pleased to announce positive financial results for the company after its first nine months of operations in 2012-13. For the period beginning Nov. 1, 2012 and ending July 31, 2013, NWT posted revenues from consolidated operations of $100.4 million and an EBITDA of $8,840,878 (unaudited). This resulted in a net profit of $4,917,240, or $1.50 per share.
The financial performance of the company is ahead of the same period last year when the company posted revenues from operations of $94.6 million, an EBITDA of $8,865,102 and a net profit of $4,543,144, or $1.39 per share. Management reported earnings were up from the previous year primarily because of improved margins in the bio-products division, dividends from investments and increased revenue from a leasing arrangement for the purpose of transloading crude oil.
"The board of directors is very pleased with the company's financial performance in the first nine months of the year," says NWT's president John Leier. "NWT continues to work hard on adding value and improving service for farmers from this region of the province. That is one of the major advantages of being a locally owned company as this is our primary focus." Leier farms near Denzil
NWT is an independent farmer-shareholder owned company headquartered near Unity in the northwest region of the province. NWT owns and operates an inland-grain terminal and a bio-products production facility at its Unity location.
