petrowest energy services trust announces $94.2 million of ... - BMIR

SUMMARY OF RESULTS- QUARTERLY ANALYSISPetrowest commenced trading on the Toronto Stock Exchange on September 7, 2006, the day ofcommencement of commercial operations of the Trust. Accordingly, the first quarter of fiscal 2007 has nocomparative figures for the same period in the previous year, as the Trust was not yet created.$000sexcept per unit amounts, margins and ratios Q1 2007 Q4-2006 Q3-2006 (Stub) (1)Revenue by segmentConstruction 9,984 11,089 2,520Transportation 11,307 11,954 3,726Civil 9,951 10,124 3,697Rentals 1,621 2,662 964Total Revenue 32,863 35,829 10,907Operating expenses by segmentConstruction 7,663 7,820 1,857Transportation 9,507 9,649 3,052Civil 6,809 6,567 2,242Rentals 1,367 1,051 604Total operating expenses 25,346 25,087 7,755Administrative Expenses 1,691 1,291 507EBITDA (2) 5,826 9,451 2,645Amortization of property and equipment 5,131 4,682 1,142Amortization of intangible assets 2,180 2,113 672Interest - net 494 59 127Loss (gain) on disposal of assets 246 (20) (58)Net earnings (loss) (2,225) 2,617 762Net earnings (loss) per unit basic and($0.08) $0.09 $0.03dilutedNotes (1) Q3-2006 stub is for the period from September 7, 2006 to September 30, 2006.(2)The term EBITDA is not a measure recognized by Canadian generally accepted accounting principles("GAAP") and does not have standardized meanings prescribed by GAAP.- 11 -