Major Drilling Group International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2012. For the quarter, the company reported total revenue of CAD 123.2 million against CAD 182.1 million a year ago. Loss before income tax was CAD 2.3 million against income before income tax of CAD 14.0 million a year ago. Net loss was CAD 4.3 million or CAD 0.05 per basic and diluted share against net earnings of CAD 9.4 million or CAD 0.12 per basic and diluted share a year ago. Cash flow from operating activities was CAD 28.2 million against CAD 40 million a year ago. Acquisition of property, plant and equipment was CAD 20 million against CAD 22.5 million a year ago. EBITDA was 11.4 million against CAD 27.0 million a year ago. Capital expenditures were CAD 20.0 million. For nine months, the company reported total revenue of CAD 560.3 million against CAD 560.1 million a year ago. Income before income tax was CAD 77.5 million against CAD 85 million a year ago. Net loss was CAD 49.9 million or CAD 0.63 per diluted share against net earnings of CAD 59.0 million or CAD 0.78 per diluted share a year ago. Cash flow from operating activities was CAD 120 million against CAD 97 million a year ago. Acquisition of property, plant and equipment was CAD 59.5 million against CAD 60.0 million a year ago. EBITDA was 119.4 million against CAD 117.4 million a year ago. The company announced that its Board of Directors has declared a cash dividend of CAD 0.10 per common share payable on May 2, 2013 to shareholders of record as of April 5, 2013.

Major Drilling Group International Inc., Q3 2013 Earnings Call, Mar 04, 2013

Major Drilling Group International Inc. announced that they will report Q3, 2013 results at 8:15 PM, Eastern Daylight on Mar 04, 2013