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UPDATE: EACOM Timber Corporation Hits New Yr Low as Announces Q2 Results

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EACOM Timber Corporation (ETR.V) has hit a new year low of 15 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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