Winnipeg Free Press - PRINT EDITION

Big quarter for crop firm

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Legumex Walker Inc. had a break-through quarter generating $1.9 million in profit compared to a loss of $8.7 million last year.

The Winnipeg-based company is a special crops and pulses processor and merchandiser and also owns 84 per cent of Pacific Coast Canola, LLC, which operates the largest commercial-scale canola oilseed processing facility west of the Rocky Mountains in Washington state.

Consolidated revenues for the period ending June 30 increased 18 per cent to $131.8 million compared to $112.1 million in the second quarter of 2013.

"Generating $1.9 million of net earnings on $6.6 million of EBITDA in the quarter represents another milestone for our company as we continue to realize the value of the investments across our business," said Joel Horn, Legumex Walker's president and CEO.

The company's special-crops segment achieved record EBITDA and has generated nearly $20 million of EBITDA in the last 12 months.

Its newly constructed canola-crushing operation in Washington was operating at more than 90 per cent capacity in July.

Republished from the Winnipeg Free Press print edition August 9, 2014 B19

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