Wednesday, August 13, 2014

Alliance Grain Traders Inc. - AGT.t

Alliance Grain Traders Inc. - AGT.t through its global divisions, offers a full line of value-added, cleaned and packaged pulses, including lentils, peas, chickpeas and beans, as well as pasta, milled durum wheat, rice and other products.



On August 13, 2014 the company released Numbers

Alliance Grain Traders Inc. (“AGT”) has announced its financial results for the three and six months ended June 30, 2014. Results include:

EBITDA* was $24.4 million for the three months ended June 30, 2014 compared to $13.9 million for the three months ended June 30, 2013 and $17.1 million for the three months ended March 31, 2014 and improved to $74.1 million for the trailing twelve months ended June 30, 2014 compared to $63.5 million for the trailing twelve months ended March 31, 2014 and compared to $51.5 million for the trailing twelve months ended June 30, 2013.

Net debt improved to $335.7 million at June 30, 2014 compared to $369.4 million at March 31, 2014 and cash flow from operating activities increased by $66.8 million, to an increase of $38.9 million for the three months ended June 30, 2014 compared to a decrease of $27.9 million for the three months ended March 31, 2014.

Adjusted earnings per share increased to $0.44 ($0.43 fully diluted) for the three months ended June 30, 2014 compared to $0.25 ($0.24 fully diluted) for the three months ended June 30, 2013 and $0.16 ($0.16 fully diluted) for the three months ended March 31, 2014.

Total accounts receivable and inventory days outstanding for the six months ended June 30, 2014 decreased to 114 days compared to 125 days for the six months ended June 30, 2013.

Dividend of $0.15 per share for the quarter ($0.60 per share on an annualized basis).

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