Le Chateau Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Impairment Charges for the Second Quarter Ended June 30, 2016
For the six months, the company reported sales of CAD 108,546,000 against CAD 114,038,000 a year ago. Results from operating activities negative were CAD 17,962,000 against CAD 14,515,000 a year ago. Loss before income taxes was CAD 20,482,000 against CAD 16,380,000 a year ago. Net loss was CAD 20,482,000 or CAD 0.68 per share basic and diluted against CAD 16,380,000 or CAD 0.55 per share basic and diluted a year ago. Cash flows related to operating activities negative was CAD 12,784,000 against CAD 9,542,000 a year ago.
For the quarter, the company reported write-off and impairment of property and equipment of CAD 294,000 against CAD 869,000 a year ago.