EACOM Timber Corporation Announces Q2 Results; Near Yr Lows
EACOM Timber Corporation (ETR.V) is near a year low of 16 cents as it announced its second quarter results for the three-month period ended June 30, 2011. The company said its operating results were significantly affected by lumber prices and the CDN$/US$ exchange rate. The company recorded for the quarter a negative EBITDA of $10,026 ($3,238 for the quarter ended March 31, 2011). The net loss and comprehensive loss for the quarter amounted to $13,662 or $0.03 per common share ($6,132 or $0.01 per common share for the preceding quarter).
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