GREY:VTRAF - Post by User
Post by
Bav111on Jan 19, 2011 12:11pm
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Post# 17996319
Financial results released.
Financial results released.Viterra Announces Strong Annual and Fourth Quarter Financial Results
1/19/2011 11:43:07 AM - Market Wire
CALGARY, ALBERTA, Jan 19, 2011 (Marketwire via COMTEX News Network) --
Viterra Inc. ("Viterra") (TSX:VT) (ASX:VTA) made great progress in fiscal 2010 furthering its vision of being a leading global food ingredients business in the world's agriculture supply chain. The Company placed the finishing touches on its foundation for growth, extended its international intelligence network, expanded its processing capabilities and delivered solid financial results. For the year ended October 31, 2010, Viterra generated EBITDA(3)of $518 million compared to $324 million in fiscal 2009. The increase was driven by Viterra Australia's operations which were acquired in September 2009 and contributed $176 million in fiscal 2010. Strong fourth quarter fertilizer sales and contributions from new pasta and oat processing businesses also increased EBITDA.
Net earnings for the year were up 28% to $145 million compared to $113 million in 2009. Earnings per share were
.39 per share in fiscal 2010 compared to
.45 per share in fiscal 2009 as the weighted average number of shares increased by 120 million shares year-over-year.