Dalmac Energy Inc.: Period Eended July 31, 2008 ('Q1'09')
Tuesday, September 30, 2008 7:59 PM

EDMONTON, ALBERTA--(Marketwire - Sept. 30, 2008) - John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX VENTURE:DAL) announces the Corporations first quarter results.

Selected Financial Information
(000's Cdn Dollars, except per share)                 Q1' 09         Q1' 08
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Revenues                                               3,970          2,536
----------------------------------------------------------------------------
Gross Margin %                                           946            698
----------------------------------------------------------------------------
Gross Margin                                              24%            28%
General and administrative expenses                      281            218
----------------------------------------------------------------------------
EBITDAS (loss)                                           267            242
EBIDTAS per share - basic                               0.02           0.02
EBITDAS per share - diluted                             0.02           0.01
Interest                                                 177            150
Depreciation and amortization                            405            271
Net income (loss)                                       (425)          (198)
 Net income (loss) per share - basic                   (0.03)         (0.02)
 Net income (loss) per share - diluted                 (0.03)         (0.01)

Total revenue for Q1'09 increased 57% to $4.0M from the $2.5M reported in Q1'08. This increase is due to more equipment being operated as a result of the purchases and acquisitions announced over the course of previous year.

EBITDAS for Q1'09 increased by 10% to $267K from the $242K reported in Q1'08. The first quarter is traditionally Dalmac's slowest quarter due to the spring break up and road bans. Traditionally road bans are lifted in May. The Company is further restricted from certain areas that protect various wildlife species during their migrations and calving seasons which usually extend to the middle of June. Production related projects are often given a waiver with respect to road bans which include such things as limiting hauls to half loads etc. Activity levels don't usually bounce back to their pre ban levels until the fall. The combined breakup conditions and depressed drilling activity contributed to make for a worsening of circumstances. The ongoing repairs, maintenance, certifications and other infrastructure costs were more pronounced in Q1'09, because much of the equipment was idle at this time. This disproportionately increased the operating costs in comparison to the revenue for the quarter.


Next Page >>
More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved