Le Chateau Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 29, 2017. For the quarter, the company reported sales of CAD 55,308,000 against CAD 59,917,000 a year ago. Results from operating activities were CAD 734,000 against loss of CAD 4,934,000 a year ago. Loss before income taxes was CAD 987,000 against CAD 6,209,000 a year ago. Net loss was CAD 987,000 or CAD 0.03 per share basic and diluted against CAD 6,209,000 or CAD 0.21 per share basic and diluted a year ago. Cash flows related to operating activities was CAD 9,217,000 against CAD 3,814,000 a year ago. Adjusted EBITDA was CAD 3,768,000 against adjusted LBITDA of CAD 1,050,000 a year ago.

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.