Issue 28

Page 1

Vol. 104 No. 28

THURSDAY, JULY 11, 2013

Box 40, 102 3rd Ave West, Biggar, Saskatchewan S0K 0M0

email: tip@sasktel.net

20 pages

Phone: 306-948-3344

$1.25

www.biggarindependent.ca

NWT posts strong financial results for first six months T

he first six months of the 2012-13 fiscal year has been positive for the North West Terminal which operates one mile east of Unity on Highway #14. The Board of Directors of North West Terminal Ltd (NWT) was pleased to announce positive financial results for the company after its first six months of operations in 2012-13. For the period beginning November 1, 2012 and ending April 30, 2013, NWT posted revenues from consolidated operations of $71.8 million and an EBITDA of $6,159,862 (unaudited). This resulted in a net profit of $3,511,008 or $1.07 per share. The financial performance of the company is ahead of the same period last year

when the company posted revenues from operations of $68.1 million, an EBITDA of $5,998,196 and a net profit of $3,199,131 or 98 cents per share. Management reported that earnings were up from the previous year primarily because of improved margins in the cio-products division, dividends from investments, and increased revenue from a leasing arrangement for the purpose of transloading crude oil. “The Board of Directors is very pleased with the company’s performance in the first half of the year,” says NWT’s President John Leier. “We have seen significant changes in the grain industry and the way wheat and barley are marketed with the

removal of the Canadian Wheat Board’s monopoly on August 1, 2012. I believe North West Terminal has made the necessary adjustments to meet these new challenges and I feel we are well positioned as a locally owned company to continue providing superior service and marketing options to our customers going forward.”

Leier farms near Denzil, Saskatchewan. NWT is an independent farmer-shareholder owned company headquartered near Unity, Saskatchewan in the northwest region of the province. NWT owns and operates an inland grain terminal and a bio-products production facility at its Unity location.

Call and leave a tip RCMP in Biggar are asking the public to come forward with information on two incidents which took place in the area. Between June 29 and July 2, 2013 at an acreage just outside of Biggar there was a 2012 orange and black Arctic Cat Mudpro All Terrain Vehicle stolen. Between June 30 and July 1, 2013 at an open area in the RM of Biggar, east of Crozier Road, a Kohler 30 hp motor, hydraulic pump and electric clutch were stolen off an auger. Anyone with information can contact Biggar RCMP at 306-948-6600 or Crime Stoppers, 1-800-222-8477.

Enjoying the warm sun . . . Don Gillespie was paddling around in his canoe when he came across this pair of mud hens tending a nest. The nest had 10 eggs and now Gillespie is checking to see when the little ones hatch. The 20 acre slough is north of Landis. (Submitted photo by Don Gillespie)

All the makings for a great supper . . . The Farmers Market is now in full swing until September. Every Tuesday the former Bargain Shop building houses the bustling

vendors and customers. Take a look at the delicious peas, radishes, carrots and onions -- makes your mouth water. (Independent photo by Daryl Hasein)


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