Stockwatch – Alliance Grain Traders 2014 Has Pulse – Q2 Earnings Almost Double Year-On-Year

Stockwatch – The earnings before interest, taxes, depreciation and amortization (EBITDA) of pulse processor and exporter Alliance Grain Traders Inc (TSE:AGT, Mkt cap 518.31M, P/E 28.36, Div/yield 0.15/2.34, EPS 0.90, Shares 20.20M) during the second quarter of 2014 amounted to $24.4 million, the company announced in its financial results report for the period that ended 30 June. This is almost double compared to the $13.9 million reported in the same period a year ago.

Stockwatch Alliance Grain Traders Saskcan Pulse Trading Main Plant

Stockwatch – Alliance Grain Traders’ Saskcan pulse trading plant

Adjusted earnings per share saw an increase as well — to $0.44 ($0.43 fully diluted) for 2014’s second quarter, compared to $0.25 ($0.24 fully diluted) for the second quarter of the previous year.

The company’s net debt stood at $335.7 million as of 30 June 2014 — an improvement from the $369.4 million at 31 March 2014. Notably, cash flow from operating activities increased by $66.8 million.

In the announcement, Huseyin Arslan, Executive Chairman of AGT’s Board of Directors, said second quarter had been positive for AGT and all the operations the company’s engaged in.

Arslan added that the company’s facilities and assets, coupled with its strategy and global sales reach are starting to generate positive results for shareholder value. He believes the plans the company entertains for growth and expansion will help it reach new heights. The normalising trends, visible in the second quarter, are an optimistic sign.

AGT President and CEO Murad Al-Katib pointed to AGT’s pulses and grains segment, saying that it continues to generate strong results for the company, allowing it to make future growth and expansion plans. He also noted that customer demand for AGT’s products shows no signs of abating and that the North American harvest season will ensure serious production volumes.

Stockwatch – AGT is a leading exporter of split and value-added lentils, peas and pulses to the global food and ingredients markets. With processing plants in Canada, the United States, Australia and Turkey the Company is well positioned to serve the growing demand for these crops.

Download Our Free Special Report – How to Hunt For Value Stocks. Michael Sprung will share with you 5 stocks set for long-term gains.

Is Your Stock Broker Acting in Your Best Interest? Read more here>>

Exchange Traded Funds Expose Investors to Unexpected Risks. Read more here>>

Investment Management – Risk vs. Return. Read more here>>

We believe successful investors must challenge the market consensus by maintaining an independent point of view. Like to learn more? Please contact us here>>

The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

Comments are closed.