August 4, 2011 / 3:03 PM / 7 years ago

UPDATE 1-Parkland Fuel posts Q2 loss, shares fall

* Q2 loss/shr C$0.18 vs EPS C$0.22 year ago

* Cites rise in income tax expenses, depreciation

* Q2 revenue up 58 pct

* Shares down 7 pct (Follows alerts)

Aug 4 (Reuters) - Canadian fuel distributor Parkland Fuel Corp posted a second-quarter loss on acquisition costs and higher depreciation and income tax expenses, sending its shares down 7 percent.

April-June loss was C$9.3 million, or 18 Canadian cents a share, compared with a profit of C$12.7 million, or 22 Canadian cents a share, a year ago.

The company posted a C$4.3 million increase in depreciation and amortization expenses and C$12.8 million rise in income tax expenses, it said in a statement.

Revenue rose 58 percent to C$950.3 million.

Shares of the Red Deer, Alberta-based company were trading down 7 percent at C$11.15 on Thursday morning on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Roshni Menon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below