Petrowest Corporation Announces Second Quarter 2014 Financial Results
CALGARY, Aug. 13, 2014 /CNW/ - Petrowest Corporation ("Petrowest") (TSX:PRW.TO ) announced today its consolidated financial results for the three and six month periods ended June 30, 2014.
Rick Quigley, Chief Executive Officer, stated that "the financial results for the second quarter have historically been the weakest quarter of the year due to seasonal conditions. However, despite these conditions and the fact that road bans came off later in the year compared to the prior year, the Company still managed to generate revenues of $55.4 million for the quarter, an increase of $6.1 million over the second quarter of 2013. Adjusted EBITDA came in at $3.0 million for the quarter, a decrease from the $4.1 million in the second quarter of 2013.
- Published: 14 August 2014
- Written by Editor