Brief: Colabor Group reports Q2 earnings of $0.11/ share

Colabor

14/07/2016 12:01

July 14 (Reuters) - Colabor Group Inc  GCL.TO  
    * Colabor Group reports results for the second quarter of 
2016 
    * Consolidated sales were $364.8 million for 84-day period 
ended June 11, 2016, up from $366.6 million 
    * Colabor Group Inc quarterly earnings per share $0.11 
    * Once recap process is completed, 
total-net-debt-to-adjusted EBITDA ratio for last 12 months to 
decrease from 6.7 to about 5.1x on pro forma basis 
    * Agreement will also have advantage of reducing interest 
expenses by about $3 million per year 
 
Source text for Eikon:  ID:nMKWx0lw6a  
Further company coverage:  GCL.TO  
 
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