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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bird Construction Inc | TSX:BDT | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.21 | 1.11% | 19.14 | 19.10 | 19.18 | 19.27 | 19.01 | 19.04 | 44,648 | 21:11:03 |
LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
MISSISSAUGA, ON, May 12, 2017 /CNW/ -
HIGHLIGHTS:
"With the successful completion of several large scale industrial projects in late 2016, we anticipated a slow start to 2017 as we look to rebuild our industrial work program while maintaining our investment in our core team. We are encouraged by our continued success in the PPP and alternative finance market, with two strategic wins in the first quarter and a robust pipeline of opportunities available through 2018," commented Mr. Ian Boyd, President & CEO of Bird Construction. "Our focus moving forward will be on executing our significant institutional work program, building industrial backlog and further diversifying our business."
Financial Results |
|||||
('000s except per share amounts) |
|||||
Three months ended | |||||
March 31, | |||||
2017 |
2016 | ||||
Construction Revenue |
$ |
309,755 |
$ |
338,294 | |
Net income (loss) and comprehensive income |
$ |
(1,141) |
$ |
9,343 | |
Basic and diluted earnings (loss) per share |
$ |
(0.03) |
$ |
0.22 | |
Cash flow from operations before changes in non-cash working capital |
$ |
2,070 |
$ |
15,008 |
Bird Construction Inc. also announced that its Board of Directors has approved regular cash dividends for the months of May, June and July 2017 in the amount of $0.0325 per common share to be paid as follows:
i) |
The May dividend of $0.0325 per share will be paid on June 20, 2017, to the Shareholders of record as of the close of business on May 31, 2017. |
ii) |
The June dividend of $0.0325 per share will be paid on July 20, 2017, to the Shareholders of record as of the close of business on June 30, 2017. |
iii) |
The July dividend of $0.0325 per share will be paid on August 18, 2017, to the Shareholders of record as of the close of business on July 31, 2017. |
A conference call for analysts and investors will be held at 10:00AM EDT on Monday, May 15, 2017, to discuss the quarterly results. The dial in number is 1-855-328-1925. Attendees are asked to be on the line 10 minutes prior to the start of the call.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
Copyright 2017 Canada NewsWire
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