TSX:CHE.DB.E - Post by User
Post by
schris4on Mar 07, 2006 6:34pm
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Post# 10479808
Last years huricane claim still to come
Last years huricane claim still to comeFrom Webcast last month:
Hurricane Rita’s financial impact on our fourth quarter was material. We estimate that the effects of the hurricane, including the plant downtime and market disruptions, reduced distributable cash by US$2.1 million, or about 7.5 cents Canadian per unit. As we have noted previously, Chemtrade carries business interruption insurance. After the policy deductible of about $300,000, we expect to recover a significant portion of the balance when we submit our claim. Since the claim is not yet finalized we have not included any of the expected recovery in 2005 income.
...nice to see the claim go through, with a little stock jump soon.