FreightLinks: 2Q results came in with rev at 36.2m +17.9%yoy, +19.5%qoq. Profit at 0.9m was +8.7%yoy and -60.4%qoq. The qoq decrease was attributed to favourable 1Q results, due to a one time decrease in forex losses and writeoffs…
Co sold 5 properties to Sabana for $193.0m which was used to subscribe for Sabana’s shares, repay borrowings and fund invts and has an approx 51% stake in Sabana REIT. EPS for 2Q was at 0.04c and a total of 0.15c for 1H11 compared to prev yr 1H10 at 0.06c.
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