Financials
Annual Report 2007 - for the period ended December 31, 2007
President’s Message
After transforming Glacier in 2006 through a number of significant acquisitions including the Hollinger Canada and other Western Canadian local newspaper transactions, Glacier focused heavily in 2007 on integrating the operations acquired and improving the content quality, revenue and cost efficiency within all of our businesses.
Q3 2007 Report - for the period ended September 30, 2007
President’s Message
GLACIER VENTURES INTERNATIONAL CORP. (“Glacier” or the “Company”) reported consolidated cash flow from operations of $7.1 million for the three months ended September 30, 2007, as compared tob $4.1 million for the same period last year. Revenue for the period was $49.6 million compared to $43.6 million for the same period last year, EBITA was $9.5 million compared to $6.8 million last year, and net income was $3.8 million compared to $0.9 million last year.
Q2 2007 Report - for the period ended June 30, 2007
President’s Message
GLACIER VENTURES INTERNATIONAL CORP. (“Glacier” or the “Company”) reported consolidated cash flow from operations of $11.0 million for the three months ended June 30, 2007, as compared to $7.1 million for the same period last year. Revenue for the period was $56.3 million compared to $48.6 million for the same period last year, EBITA was $13.3 million compared to $9.8 million last year, and net income was $10.4 million compared to $7.5 million last year.
Q1 2007 Report - for the period ended March 31, 2007
Report to Shareholders
GLACIER VENTURES INTERNATIONAL CORP. (“Glacier” or the “Company”) reported consolidated cash flow from operations of $9.3 million for the three months ended March 31, 2007, as compared to $6.1 million for the same period last year. Revenue for the period was $53.5 million compared to $40.8 million for the same period last year, EBITA was $12.0 million compared to $9.0 million last year, and net income was $4.4 million compared to $3.4 million last year.
Annual Report 2006 - for the period ended December 31, 2006
Report to Shareholders
As we have stated in previous communications, 2006 was a transformational year for Glacier in which we took a material step forward on the Canadian media landscape and expanded our presence in the business & professional information markets through several significant acquisitions completed over the past year.
Q3 2006 Report - for the period ended September 30, 2006
Report to Shareholders
GLACIER VENTURES INTERNATIONAL CORP. reported consolidated cash flow from operations of $17.3 million for the nine months ended September 30, 2006, as compared to $7.9 million for the same period last year. Revenue for this period was $133.0 million compared to $43.7 million for the same period last year, EBITA was $25.5 million compared to $8.9 million last year, and net income was $11.7 million compared to $4.3 million last year.
Q2 2006 Report - for the period ended June 30, 2006
Report to Shareholders
GLACIER VENTURES INTERNATIONAL CORP. reported consolidated cash flow from operations of $13.2 million for the six months ended June 30, 2006, as compared to $5.9 million for the same period last year. Revenue for this period was $89.4 million compared to $28.2 million for the same period last year, EBITA was $18.9 million compared to $6.7 million last year, and net income was $10.8 million compared to $3.4 million last year.
Q2 2003 Report - for the period ended June 30, 2003
Report to Shareholders
GLACIER VENTURES INTERNATIONAL CORP. reported consolidated cash flow from operating activities (before non-cash operating accounts) of $1.7 million for the three months ended June 30, 2003, as compared to $1.7 million for the same period last year. Cash flow from operating activities (before non-cash operating accounts) was $0.08 per share for the three months ended June 30, 2003, as compared to $0.08 per share for the same period last year.
Annual Report 2005 - for the period ended December 31, 2005
Management Discussion and Analysis
Forward Looking Statements
Certain statements in this report may constitute forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario). These forward-looking statements relate to, among other things, our objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of statements that include phrases such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “likely”, “will”, “may”, “could”, “should”, “would”, “suspect”, “outlook”, “estimate”, “forecast”, “objective”, “continue” (or the negative thereof) or similar words or phrases.
Q3 2005 Report - for the period ended September 30, 2005
Report to Shareholders
GLACIER VENTURES INTERNATIONAL CORP. reported consolidated cash flow from operations of $7.9 million for the nine months ended September 30, 2005, as compared to $5.5 million for the same period last year. Revenue for this period was $43.7 million compared to $30.1 million for the same period last year, EBITDA was $8.9 million compared to $6.2 million last year, and net income was $4.2 million compared to $2.0 million last year.