Canlan earnings flat at $1.8M in Q4; revenue slips 1% to $20.3 million
BURNABY, B.C. – Arena operator Canlan Ice Sports Corp. (TSX:ICE) says fourth-quarter net earnings were relatively flat amid a slight, one per cent decline in revenue. Canlan, which operates ice rinks and multi-sport recreation facilities across North America, says net profits in the three months ended Dec. 31 were $1.8 million or 14 cents per share, compared with just under $1.9 million, also 14 cents per share, in 2011. Revenue was $20.3 million compared with just over $20.5 million.
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