The Canadian Press - ONLINE EDITION

Legumex Walker Q1 loss rises slightly to $6.1M; revenue soars to $128.5M

  • Print

WINNIPEG - Legumex Walker Inc. (TSX:LWP) has reported a small increase in its first-quarter net loss as higher costs and other factor more than offset a big gain in revenue.

The Winnipeg-based processor and merchandiser of pulses as well as other specialty crops and canola products said its net loss attributable to shareholders was $6.1 million or 37 cents per share, up from $5.8 million or 36 cents per share in the same 2013 period.

The loss in the quarter included a loss of $3.8 million or 23 cents per share associated with the operation of the company's Pacific Coast Canola plant.

Revenue in the three-month period ended March 31 was $128.5 million, up from $87.3 million.

The company noted that rail congestion issues in North America increased in-transit finished goods and resulted in shipping and invoicing delays affecting current liabilities as did an increase in customer prepayments for future sales.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Stuary Murray announces musical RightsFest for CMHR opening weekend

View more like this

Photo Store Gallery

  • Young goslings jostle for position to take a drink from a puddle in Brookside Cemetery Thursday morning- Day 23– June 14, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • RUTH BONNEVILLE / WINNIPEG FREE PRESS June 23, 2011 Local - A Monarch butterfly is perched on a flower  in the newly opened Butterfly Garden in Assiniboine Park Thursday morning.

View More Gallery Photos

Poll

Should Winnipeg control growth to deal with climate change?

View Results

Ads by Google