Saturday, March 13, 2010

Canwest is making a profit, still shares expropriated

http://ca.news.finance.yahoo.com/s/27112009/34/biz-f-business-wire-canwest-global-communications-corp-reports-fourth-quarter-fiscal.html

Quote, "Canwest Global Communications Corp. (“Canwest” or the “Company”) today reported operating profits before restructuring, impairment and other one time expenses of $462 million for its fiscal year ended August 31, 2009."


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Court filing for 09 net profit Canwest - 66 million in the financial storm, very good results, considering that Canwest lost 150 million in derivative swaps in 09, so not counting derivative swaps, Canwest made a net profit of about 100 million. Restructuring costs added in to reduce the operating profit of 462 million, to a net income of minus -66 million.

2010-01-18 [12] The Limited Partnership had been experiencing deteriorating financial results over the past year. For the year ended August 31, 2009, the Limited Partnership’s consolidated revenues decreased by $181.7 million or 15% to $1.021 billion as compared to $1.203 billion for the year ended August 31, 2008. For the year ended August 31, 2009, the Limited Partnership reported a consolidated net loss of $66 million compared to consolidated net earnings of $143.5 million for fiscal 2008.