RE: Q3 report issued, webcast 4/11
I dont know. Maybe I just dont understand. Canexus, says they are runing at a 67% payout ratio, When I kook at the numbers they say they lost money. Do these guys still report results as a trust? Seems like some pretty dodgy accounting.
The loss is 5.38 million. So how can they possibly have a 67 percent ratio. Trust accoubting. Time to update the methods before I could take this guy serious until they do so.
Maybe I just dont understand.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCUS-1895893&symbol=CUS®ion=C
OPERATING RESULTS FOR THE PERIODS ENDED SEPT. 30, 2011, AND SEPT. 30, 2010
(in thousands of dollars)
Three months ended Nine months ended
Sept. 30, Sept. 30,
2011 2010 2011 2010
Revenues $139,278 $119,040 $395,788 $337,079
Cost of sales (1) 81,873 82,508 251,200 233,346
Gross profit 57,405 36,532 144,588 103,733
Distribution, selling and
marketing 22,567 18,260 65,735 55,125
General and administrative (2) 7,988 7,910 23,024 21,943
Operating profit 26,850 10,362 55,829 26,665
Finance income (expense) (27,622) 731 (32,829) (10,627)
Income (loss) before other
income (expense) and income
taxes (772) 11,093 23,000 16,038
Other income (expense) (2,642) 249 (2,006) 4,701
Income (loss) before income
taxes (3,414) 11,342 20,994 20,739
Provision for (recovery of)
income taxes
Current 1,003 602 3,315 4,204
Deferred 969 (2,055) 2,347 983
1,972 (1,453) 5,662 5,187
Net income (loss) (5,386) 12,795 15,332 15,552