407 International Reports First Quarter Results
TORONTO, April 19, 2007
407 International Inc. announced today revenues of $107.1 million for the first quarter ended March 31, 2007, compared to $98.8 million for the same period of 2006. Earnings before interest, taxes, depreciation and amortization (“EBITDA” ) totalled $80.6 million for the first quarter of 2007 compared with $73.3 million for the same period of 2006. The company reported a net loss of $8.8 million for the first quarter of 2007; $2.2 million lower than the net loss of $11.0 million for the same period of 2006.
The Board of Directors declared an eligible dividend of $0.037 per common share payable on or about April 19, 2007, to shareholders of record on April 19, 2007.
407 International Inc. is the sole shareholder, operator and manager of 407 ETR, which extends 108 kilometres east-west, just north of Toronto. 407 International Inc. is owned by a consortium comprised of Cintra Concesiones de Infraestructuras de Transporte, Macquarie Infrastructure Group and SNC-Lavalin.
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For more information, contact:
Kenneth A. Walker
Chief Financial Officer
Dale A. Albers
Manager, Public Relations