Powered by

Interim Report (Half Year) H2 2018: Acadian Timber half year profits hit by 56% fall Corporate Wire Date: 22 September 2018 00:53 EDT

Sep 22, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Acadian Timber (TSX:ADN), reported net profit of CAD3.9m ($US2.9m) for the half year-ended 30 June 2018, down 55.8% from the year-earlier period.

Major changes compared with previous corresponding period [Year-on-Year]:

Favourable Changes:

- Total revenue was up 15.8% from CAD42.3m ($US32.5m) to CAD49.0m ($US37.1m)

Unfavourable Changes:

- Profit after tax to Revenues was down from 20.7% to 7.9%

- Profit before tax to Revenues was down fr...