Article: Logistec Announces its Financial Results for the Third Quarter of Fiscal 2009.(Financial report)

Article from:
Marketwire Canada
Article date:
November 4, 2009
Copyright

MONTREAL, QUEBEC, Nov 4, 2009 (Marketwire via COMTEX) -- Logistec Corporation (TSX:LGT.A)(TSX:LGT.B), a diversified cargo handler in several eastern North American ports, today announced its financial results for the third quarter and nine-month period ended September 26, 2009.

During the third quarter of 2009, revenue totalled $59.9 million, compared with $70.4 million in the equivalent period of 2008. This $10.5 million or 14.9% decline is attributable to a 26.7% decrease in the marine services segment's revenue, which was partially offset by a 29.2% increase in the environmental services segment's revenue. Net income amounted to $4.1 million or $0.62 per ...

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