Q2 Results Legumex Walker Reports Second Quarter 2012 Financial ResultsLegumex Walker Inc. LWP 8/14/2012 7:00:00 AMLegumex Walker Reports Second Quarter 2012 Financial Results - Market Conditions for Special Crops Improving As Company Prepares to Commence Canola Processing Operations Early Next Year - WINNIPEG, Aug. 14, 2012 /CNW/ - Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the three months and six months ended June 30, 2012. All figures are in Canadian dollars unless otherwise stated. Highlights for the Three Months Ended June 30, 2012 •Revenues of $68.5 million for the three months ended June 30, 2012 compared to $65.8 million for the three months ended March 31, 2012; •EBITDA1 of $2.4 million for the three months ended June 30, 2012 compared to $2.2 million for the three months ended March 31, 2012; •Net earnings for the three months ended June 30, 2012 of
.3 million, or
.03 per share compared to a net loss of $1.8 million, or net loss per share of
.13, for the three months ended March 31, 2012; •Special Crops segment EBITDA1 of $3.5 million for the three months ended June 30, 2012 compared to $3.3 million for the three months ended March 31, 2012; •Cash flow from operations1 of
.9 million for the three months ended June 30, 2012 compared to $1.0 million for the three months ended March 31, 2012; •Sold stake in Blue Hills Processors (2003) Ltd. for $1.8 million as part of ongoing initiative to optimize its wholly owned processing capacity resulting in a net gain of $1.0 million; •Pacific Coast Canola, LLC ("PCC") commenced a canola seed purchasing program to meet requirements for commissioning and commercial operations; •Construction on the PCC plant progressed according to plan, with the facility expected to commence commercial operations in the first quarter of 2013; and, •Bruce Scherr, Chairman & CEO of Informa Economics, Inc., was appointed Chairman of the Company's Board of Directors.