|By Marketwired .||
|March 28, 2014 03:20 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 03/28/14 -- Dominion Citrus Income Fund (TSX: DOM.UN) ("Dominion", the "Fund") reports net earnings from continuing operations of $222,000 or $0.01 per unit for the year ended December 31, 2013 versus net earnings of $868,000 or $0.04 per unit for the previous year. Net earnings from discontinued operations was $8,000 rounding to $0.00 per unit for the year ended December 31, 2013 versus a net loss of $94,000 and $0.00 per unit for the year ended December 31, 2012.
The results for years ended December 31, 2013 and December 31, 2012 are summarized below (all figures in 000's except per unit results):
Years ended: 12/31/13 12/31/12 ---------------------------------------------------------------------------- Revenue $ 75,035 $ 71,124 Net earnings (loss) from continued operations $ 222 $ 868 Per unit $ 0.01 $ 0.04 Net earnings (loss) from discontinued operations $ 8 $ (94) Per unit $ 0.00 $ (0.00) Net earnings (loss) $ 230 $ 774 Per unit $ 0.01 $ 0.04 Units outstanding (000's) 21,186 21,186
Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. Dominion also supplies products to customers in the United States. The Fund's website may be accessed at www.dominioncitrus.com.
Dominion Citrus Ltd.
President & CEO
416-242-8341 x 250
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