407 International Reports First Quarter Results
TORONTO, April 14, 2011
407 International Inc. announced today revenues of $142.8 million for the first quarter of 2011, compared to $131.2 million for the same period of 2010. Earnings before interest, taxes, depreciation and amortization (“EBITDA” ) totalled $113.0 million for the first quarter of 2011 as compared with $103.1 million for same period of 2010. The Company reported net income of $15.7 million for the first quarter of 2011, compared with net income of $12.6 million for the same period of 2010.
The Board of Directors declared an eligible dividend of $0.106 per common share and a special eligible dividend of $0.142 per common share using proceeds from the sale of the Company’s long-term investments. Both dividends are payable on or about April 14, 2011, to shareholders of record on April 14, 2011.
407 International Inc. is owned by Cintra Infraestructuras S.A. (43.23%) (a wholly owned subsidiary of Ferrovial S. A.), indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 40%) and SNC-Lavalin (16.77%).
- 30 -
For more information, contact:
Chief Financial Officer
Communications and Government Relations