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Canadian Oil Sands Trust announces 2008 first quarter results and a quarterly distribution increase to $1.00 per Trust unit.
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PR Newswire
- Article date:
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April 28, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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All financial figures are unaudited and in Canadian dollars unless otherwise noted.
TSX - COS.UN
CALGARY, April 28 /PRNewswire-FirstCall/ -- Canadian Oil Sands Trust ("Canadian Oil Sands", the "Trust" or "we") today announced first quarter 2008 results and a 33 per cent increase in the Trust's quarterly distribution to $1.00 per Trust unit ("Unit") for Unitholders of record on May 16, 2008, payable on May 30, 2008. First quarter 2008 cash from operating activities more than doubled to $441 million ($0.92 per Unit), compared to the first quarter of 2007. Net income in the first quarter of 2008 increased to $298 million ($0.62 per Unit) from $262 million ($0.55 per ...
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