407 International Reports Third Quarter Results
TORONTO, October 19, 2010
407 International Inc. announced today revenues of $172.8 million for the third quarter ended September 30, 2010 compared to $156.6 million for the same period of 2009. Earnings before interest, taxes, depreciation and amortization (“EBITDA” ) totalled $143.9 million for the third quarter of 2010 compared with $128.3 million for the same period of 2009. The Company reported a net income of $28.9 million for the third quarter of 2010 compared with a net income of $12.9 million for the same period of 2009.
The Board of Directors declared an eligible dividend of $0.142 per common share payable on or about October 19, 2010, to shareholders of record on October 19, 2010. 407 International Inc. is owned by a consortium comprised of Cintra Infraestructuras, Intoll and SNC-Lavalin.
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