RE:romangod???OK reading the financials or God forbid an entire book may be out of your realm but you should at least be able to read a news release. STT has mentioned a couple times at least that they paid off all long term debt. This is just one of those instances...your apology seemed to contain far less conviction then your attack on Romangod which we all know now was based on total ignorance.
STT Enviro earns $602,243 in Q2
2015-08-17 06:20 MT - News Release
Mr. David Deacon reports
STT ENVIRO CORP ACHIEVES RECORD FINANCIAL RESULTS FOR ITS QUARTER ENDED JUNE 30TH, 2015
STT Enviro Corp. has released its financial results for the quarter ended June 30, 2015. It had approximately $11.2-million in revenue, $1.2-million of EBITDA (earnings before interest, taxes, depreciation and amortization) and net income after tax of $600,000. For the six months ended June 30, 2015, the company reported approximately $19-million of revenue, $1.9-million of EBITDA and net income after tax of $880,000.
FINANCIAL HIGHLIGHTS FOR THE QUARTER Quarter ended Quarter ended June 30, 2015 June 30, 2014 Revenue $11,166,560 $4,982,579 EBITDA 1,155,912 359,584 Net income before tax 884,250 151,163 Net income after tax 602,243 206,558 EBITDA per issued common share 0.024 0.010 Earnings per share -- basic 0.013 0.006 Earnings per share -- diluted 0.012 0.006 FINANCIAL HIGHLIGHTS FOR THE YEAR TO DATE Six months ended June 30, 2015 2014 Revenue $19,905,696 $10,001,396 EBITDA 1,913,392 984,634 Net income before tax 1,306,319 615,841 Net income after tax 884,078 558,296 EBITDA per issued common share 0.045 0.032 Earnings per share -- basic 0.021 0.018 Earnings per share -- diluted 0.020 0.017 Closing backlog 25,076,216 12,859,648 Closing working capital 5,562,105 3,736,961
David Deacon, chief executive officer, commented: "We are pleased to report a record quarter. Our entry into complementary areas of business was an attempt to regain sales momentum despite major headwinds and I am pleased to share results that show our strategy has worked. It is also worth noting that our sales funnel remains full. The company has been fortunate to have very dedicated employees who have been instrumental in executing this push into new markets and in continuing to improve our profitability."
He continued: "The strong cash generation in the first half of the year means that even after the retirement of all remaining long-term debt during the second quarter of 2015, the company still has approximately the same working capital surplus it had at the end of first quarter 2015. The company has repaid $5.4-million of term debt since the beginning of 2013 and is well positioned to pursue organic growth and growth through acquisition."
The company will hold a conference call to discuss the financial results on Aug. 18, 2015, at 11 a.m. Eastern Time. The call-in numbers are 1-877-407-8031 (toll-free) or 1-201-689-8031 (international).
The financial statements and MD&A are available on SEDAR and have also been posted on the company's website.
We seek Safe Harbor.