Water Industry News and Water Stock News from Around the World

Follow us on:

Wednesday, February 22, 2012

Home | Join | Submit Water News | RSS Feeds | Water Links | About Us | Contact Us

Category: Investment, Water

Submitted by: www.glv.com

November 10, 2011 – (www.Waternewswire.com) Investorideas.com, a leader in sector research for independent investors including water stocks issues an update on financial results for (TSX: GLV.A GLV.B).

GLV - Fiscal 2012 Second Quarter Results (All amounts are in Canadian dollars)

For the second quarter 2012

• Revenues of $173.9 million compared to $161.3 million for the corresponding quarter of fiscal 2011
• EBITDA of $6.5 million and normalized EBITDA of $7.3 million compared to ($2.5 million) a year earlier
• Net earnings and net earnings from continuing operations attributable to shareholders of GLV Inc. of $4.4 million compared to ($9.2 million) and ($7.1 million), respectively, for the corresponding quarter of fiscal 2011
• Normalized net earnings attributable to shareholders of GLV Inc. of $5.1 million or $0.11 per share, basic and diluted

For the six-month period ended September 30, 2011

• Revenues of $324.3 million compared to $309.6 million for the corresponding period of fiscal 2011
• EBITDA of $10.5 million and normalized EBITDA of $11.3 million compared to $1.4 million a year earlier
• Net earnings and net earnings from continuing operations attributable to shareholders of GLV Inc. of $0.3 million compared to ($13.4 million) and ($10.9 million), respectively, for the corresponding period of fiscal 2011
• Normalized net earnings attributable to shareholders of GLV Inc. of $1.0 million or $0.02 per share, basic and diluted

Data as at September 30, 2011

• Total net debt to invested capital ratio, excluding the current portion of long-term debt of 18.4%, compared to 18.9% as at March 31, 2011
• Working capital ratio of 1.57 compared to 1.50 as at March 31, 2011
• Backlog of $430.0 million, compared to $372.2 million as at March 31, 2011

MONTREAL - GLV Inc. (the "Corporation") (TSX: GLV.A GLV.B) released its results today for the second quarter of fiscal 2012. Results are presented in accordance with International Financial Reporting Standards ("IFRS") since the first quarter of 2012. The previous fiscal year's results and data have been restated.

For fiscal 2012 as a whole, assuming exchange rates remain stable at current levels and in light of the outlook in the sectors served by each group, the Corporation is maintaining its forecast for consolidated revenues to range from $650 million to $675 million.

About GLV Inc.

GLV Inc. is a leading global provider of water treatment solutions, under the Ovivo brand, as well as technological solutions used in pulp and paper production. It operates in some 30 countries with approximately 2,300 employees. GLV is a public company whose shares trade on the Toronto Stock Exchange (TSX) under the ticker symbols GLV.A and GLV.B; it is a constituent of the S&P/TSX Clean Technology Index.

Full news: www.glv.com

About InvestorIdeas.com: Big Ideas for small cap Investors

InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; water stocks, renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, tech, defense stocks, nanotech, agriculture and gaming. Investorideas.com was one of the first investor research portals covering water stocks and renewable energy stocks

www.water-stocks.com is a domain within the Investorideas.com content portfolio. Water-stocks has interviewed some of the leading experts within the sector including well- known water analyst Neil Berlant.

Research water stocks with the most comprehensive water stocks directory online: http://www.investorideas.com/Water-Stocks/Stock_List.asp

Sign up for the free investor news and stock alerts http://www.investorideas.com/Resources/Newsletter.asp

Talk about water and water stocks on Linkedin.com -

Linkedin.com: Water Stocks - Social network for investors following water stocks http://www.linkedin.com/e/ez47wj-gp5ofknw-5j/vgh/3966202/

Join Investor Ideas - Become a Member

Investorideas.com Members currently have 24/7 online access to the exclusive subscriber-only 13 stock directories in leading sectors including nanotech, renewable energy, water and energy stocks. Get stock alerts and hot news!

Visit the Investor Ideas membership page to learn more at: http://www.investorideas.com/membership/

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising .

www.InvestorIdeas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Source - Investorideas.com

800-665-0411

------

Disclaimer: Waternewswire.com is a news and press release publisher. The following news is published as information only for our readers. Please contact the company directly for any questions regarding the content or claims.

Published at Water Newswire 2011