The board of directors of North West Terminal Ltd. is pleased to announce positive financial results for the company following operations in 2012-13. For the period beginning Nov. 1, 1012 and ending Oct. 31, 2013, NWT posted net revenues from consolidated operations of $133.5 million and an EBITDA of $9,136,654. This resulted in a net profit of $4,762,492, or $1.45 per share.

The financial performance of the company is behind the same period last year when the company posted revenues from operations of $132.7 million, an EBITDA of $11,422,627 and a net profit of $5,329,571, or $1.63 per share. Management reported earnings were down from the previous year primarily because of reduced shipping and tighter margins in both the grain and bio-products divisions. The overall reduction in profits was offset by dividends from investments and revenue from a leasing arrangement for the purposes of transloading crude oil.

“The board of directors is very pleased with the company’s financial performance,” says NWT’s President John Leier. “It should be noted that these results are for the past fiscal year. We are finding the current year somewhat more challenging with all the shipping delays that are being experienced. NWT continues to work hard on adding value and improving service for farmers from this region of the province. That is one of the major advantages of being a locally owned company as this is our primary focus.” Leier farms near Denzil.

NWT is an independent farmer-shareholder owned company headquartered near Unity. It owns and operates an inland grain terminal and a bio-production facility at its Unity location.