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     504  0 Kommentare Lonestar West Announces Q3 Results

    SYLVAN LAKE, ALBERTA--(Marketwired - Nov. 25, 2014) - Lonestar West Inc. (TSX VENTURE:LSI) today announced the financial results for the quarter ended September 30, 2014.

    Lonestar is pleased to announce it has achieved record revenues and EBITDAC in the nine month period ended September 30, 2014.

    On November 12, 2013, Lonestar West Inc. ("Lonestar" or the "Company") announced that it changed its financial year-end from June 30 to December 31. This change in year-end allows the Company to provide continuous disclosure information on a comparable basis with its industry peer group.

    Highlights for the quarter ended September 30, 2014 include:

    • Revenues increased 56.8% to $13,016,590 from $8,300,540 in the previous year equivalent period.
    • Gross margin increased to 26.1% from 19.9% in the previous year equivalent quarter.
    • Normalized EBITDAC increased 168.0% to $2,442,928 from $911,634 in the previous year equivalent quarter.
    • Normalized EBITDAC per basic share increased 90.9% to $0.084 from $0.044 in the previous year equivalent quarter.
    • Income before taxes was $1,028,002, an increase of $905,521 in comparison to the $122,481 income before taxes in the previous year equivalent quarter.
    • Net income for the quarter was $771,000, an increase of $679,019 in comparison to the $91,981 net income in the previous year equivalent quarter.

    Normalized EBITDAC rose by 168.0% from the previous year equivalent quarter with a rise from $911,634 to $2,442,928. The increase in operating results can be credited to the significant improvement in gross margin as a result of improved operating efficiencies.

    Normalized EBITDAC for the Canadian Division rose 248.3% from $299,393 to $1,042,731. In addition, normalized EBITDAC margin rose from 4.7% to 11.7% of Canadian revenues. The significant increase in results can be attributed to the improved operating efficiencies realized from infrastructure implemented in the Canadian Division over the last four quarters.

    The United States Division continued to contribute positively during the quarter ended September 30, 2014. Normalized EBITDAC for the United States Division was $1,400,179, a 128.7% increase when compared to $612,241 in the comparable prior year quarter. EBITDAC margin increased 3.2% to 34.0% from 30.8%. The improvement was a result of operating efficiencies gained as Management continues to build out its United States platform.

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    Lonestar West Announces Q3 Results SYLVAN LAKE, ALBERTA--(Marketwired - Nov. 25, 2014) - Lonestar West Inc. (TSX VENTURE:LSI) today announced the financial results for the quarter ended September 30, 2014. Lonestar is pleased to announce it has achieved record revenues and …