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Gold/Mining/Energy : doman industries

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To: Tek Manhas who wrote ()	10/25/1999 10:18:00 AM
From: TERRY McCartan	of 10

Van Sun says Doman posts stronger results Doman Ind Cl B NV DOM.B Shares issued 37,685,836 1999-10-22 close $2.01 Monday Oct 25 1999 The Vancouver Sun reports in its Saturday edition that beleagured Doman Industries president Herb Doman proved this week he is back on top as the coast's best lumber producer with a quarter-by-quarter increase in lumber earnings that beat rivals MacMillan Bloedel and International Forest Products. Reporter Gordon Hamilton says that Doman earnings before interest, taxes, depreciation and amortization climbed to $51.6-million, almost triple the results for the second quarter and for the same period last year, when its EBITDA was $17.9-million and $18.9-million respectively. Doman says it is covering its interest payments by more than 1.5 times. The company says this is a big change, as it had negative EBITDA in the first quarter, $17.9-million in the second quarter and $51.6-million in the third quarter. If only Doman could make a net profit, Herb Doman might get the equity markets interested again in the company's stock, which has been languishing at the $2 level for more than a year. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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