Opta Minerals Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $36.225 million compared to $28.332 million a year ago. Profit before finance expense and income taxes was $2.173 million compared to $2.851 million a year ago. Profit before income taxes was $1.287 million compared to $2.195 million a year ago. Profit for the period attributable to the shareholders of the company was $0.935 million or $0.05 per basic and diluted share compared to $1.510 million or $0.08 per basic and diluted share a year ago. The decrease was primarily attributable to the erosion of margins, a softer economic environment than the same quarter last year professional fees associated with completing the requirements of the company's credit agreement and tax restructurings, and severance costs related to WGI integration. Cash flow from operating activities before changes in working capital generated $2.2 million versus $2.7 million in the first quarter of 2012. Cash used in operating activities was $1.339 million compared to cash provided by operating activities of $0.076 million a year ago. Additions to property, plant and equipment were $0.709 million compared to $0.611 million a year ago. Additions to intangible assets were $99,000 compared to $25,000 a year ago. EBITDA was $3.717 million compared to $4.147 million a year ago.

Opta Minerals Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 08, 2013

Opta Minerals Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net earnings of $991,000 or $0.06 earnings per share on revenue of $34.12 million compared to net earnings of $564,000 or $0.03 earnings per share on revenue of $22.6 million for the comparable period last year. EBITDA was $3.1 million against $2.4 million for the same period last year. EBIT was $1.5 million against $1.3 million for the same period year ago. For the three months ended December 31, 2012, cash flow from operating activities before changes in working capital generated $0.9 million versus $1.7 million in the fourth quarter of 2011. For the year, the company reported profit attributable to share holders of $5.3 million or $0.29 basic and diluted earnings per share on revenue of $126.65 million compared to profit attributable to share holders of $3.6 million or $0.20 basic and diluted earnings per share on revenue of $93.1 million for the last year. Operating profit was $9 million against $7.3 million of prior year. Profit before income taxes was $5.2 million against $5.8 million of prior year. EBITDA was $14.7 million against $11.5 million for the last year. EBIT was $9 million against $7.3 million for the same period year ago. On a year over year basis, cash flow from operating activities amounted to $3.6 million against $2.46 million of prior year. Additions to property, plant and equipment were $2.5 million against $5.3 million of prior year.