Le Chateau Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 29, 2017; Reports Impairment Charges for the Second Quarter Ended July 29, 2017
For the six months, the company reported sales of CAD 99,721,000 against CAD 108,546,000 a year ago. Results from operating activities negative were CAD 10,697,000 against CAD 17,962,000 a year ago. Loss before income taxes was CAD 13,840,000 against CAD 20,482,000 a year ago. Net loss was CAD 13,840,000 or CAD 0.46 per share basic and diluted against CAD 20,482,000 or CAD 0.68 per share basic and diluted a year ago. Cash flows related to operating activities negative was CAD 2,890,000 against CAD 12,784,000 a year ago. Adjusted LBITDA was CAD 4,545,000 against CAD 10,183,000 a year ago.
For the quarter, the company reported write-off and impairment of property and equipment of CAD 257,000 against CAD 294,000 a year ago.