Friday, July 30, 2010

03:47 pm EST - Domtar Corp. : reported Friday a decline in second-quarter profit, mainly reflecting higher one-time costs as well as the absence of prior year's tax credit. On an adjusted basis, earnings turned around to profit from last year, beating market projections. For the third quarter, the company projects sequentially flat paper shipments. The Montreal-based company's second-quarter net earnings were $31 million U.S. or $0.71 U.S. per share, down from $48 million U.S. or $1.12 U.S. per share for the second quarter of 2009. Domtar Corp. (T.UFS) shares were $4.31 at $59.83.

03:46 pm EST - Western Forest Products Inc. : posted second-quarter net income of $9.5 million or $0.02 per share, compared with a net loss of $30.1 million or $0.06 per share in the same quarter last year. Net sales for the quarter increased to $181.5 million from $138.7 million in the prior year period. Western Forest Products Inc. (T.WEF) shares were up $0.025 at $0.37.

03:44 pm EST - ATCO Ltd. : reported second-quarter earnings of $61.7 million or $1.06 per share, up from $49.5 million or $0.85 per share for the same period in 2009. Adjusted earnings for the second quarter were $61.7 million or $1.06 per share, up from $49.7 million or $0.86 per share in 2009. Revenues rose to $844.0 million, from $688.1 million in the year ago quarter, primarily due to the recording of revenues associated with the lease of the first and second units of ATCO Power's Karratha generating plant in the first and second quarters, respectively, of 2010. Revenues also increased due to higher prices in the Alberta electricity market. ATCO Ltd. (T.ACO.X) shares were up $0.17 at $50.43.

11:43 am EST - Centerra Gold Inc. : reported net earnings of $29.8 million U.S. or $0.13 U.S. per common share compared with a loss of $79.6 million U.S. or $0.36 U.S. per common share last year. Revenues for the second quarter of 2010 were $152.2 million U.S. versus $104.3 million U.S. during the same period one year ago. The company said the second-quarter 2010 revenue reflects a 10% increase in ounces sold and a 33% increase in realized gold price in the period. Centerra Gold Inc. (T.CG) shares were down $0.04 at $13.08.

11:42 am EST - Catalyst Paper Corp. : reported a net loss attributable to the company for the second quarter of $368.4 million or $0.96 per share, compared to a net loss of $1.9 million or $0.01 per share in the year-ago quarter. The net loss before specific items was $43.9 million or $0.11 per share, compared to a net loss of $25.6 million or $0.06 per share in the previous quarter. Revenues for the quarter decreased to $299.4 million from $300.7 million in the prior-year quarter. Catalyst Paper Corp. (T.CTL) shares were down $0.005 at $0.15.

11:40 am EST - Canfor Corp. : posted second-quarter net income attributable to equity shareholders of $18.1 million or $0.13 per share, compared with $15.6 million or $0.11 per share in the prior year period. Adjusted net income for the quarter increased to $28.2 million or $0.20 per share, from $10.4 million or $0.07 per share in the same quarter last year. Net sales for the quarter were $634.7 million compared to $530.3 million in the year-ago period. Canfor Corp. (T.CFP) shares were up $0.10 at $8.23.

09:58 am EST - Canadian Oil Sands Trust : reported second-quarter net income of $237 million or $0.49 per Unit, compared with $46 million or $0.10 per Unit, recorded in the second quarter of 2009. Revenues rose to $880 million, from $526 million last year. Canadian Oil Sands Trust (T.COS.UN) shares were down $0.12 at $27.44.

09:56 am EST - Fairfax Financial Holdings Limited : announced second-quarter net earnings attributable to Shareholders of $325.2 million or $15.49 per share, compared to net earnings of $275.4 million or $15.56 per share in the second quarter of 2009. The year-over-year increase in earnings arose primarily from significant net investment gains of $388.7 million in the second quarter of 2010. Revenues for the quarter were $1.812 billion, up from $1.736 billion in the prior-year quarter. Fairfax Financial Holdings Limited (T.FFH) shares were up $2.39 at $408.10.

09:53 am EST - Diversinet Corp. : reported second-quarter net income of $5.31 million U.S. or $0.11 U.S. per share, compared to $1.06 million U.S. or $0.02 U.S. per share last year. Quarterly revenues rose to $3.86 million U.S. from $1.94 million U.S. in the previous year. Diversinet Corp. (V.DIV) shares were even at $0.40.