Dominion Citrus Income Fund
TSX : DOM.UN

Dominion Citrus Income Fund

August 06, 2015 08:58 ET

Dominion Citrus Income Fund (TSX:DOM.UN) Second Quarter 2015 Report to Unitholders

Three Months Ended June 27, 2015 and June 28, 2014

TORONTO, ONTARIO--(Marketwired - Aug. 6, 2015) - Dominion Citrus Income Fund ("Dominion", the "Fund") (TSX:DOM.UN) reports a net loss from continuing operations of $176,000 rounding to ($0.01) per unit for the three months ended June 27, 2015 versus net earnings of $582,000 rounding to $0.03 per unit for three months ended June 28, 2014. Net earnings from continuing operations were $155,000 rounding to $0.01 per unit for the six months ended June 27, 2015 versus net earnings of $1,047,000 rounding to $0.05 per unit for six months ended June 28, 2014.

The results for the three and six month periods ended June 27, 2015 and June 28, 2014 are summarized below (all figures in 000's except per unit results):

Three months ended: Six months ended:
6/27/15 6/28/14 6/27/15 6/28/14
Revenue $ 17,755 $ 20,026 $ 34,111 $ 40,442
Net earnings (loss) from continued operations $ (176 ) $ 582 $ 155 $ 1,047
Per unit $ (0.01 ) $ 0.03 $ 0.01 $ 0.05
Net earnings (loss) $ (176 ) $ 582 $ 155 $ 1,047
Per unit $ (0.01 ) $ 0.03 $ 0.01 $ 0.05
Units outstanding (000's) 21,186 21,186 21,186 21,186

About Dominion Citrus Income Fund

The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus Limited ("DCL") were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of DCL continue to be listed on the TSX under the symbol DMN.PR.A.

About Dominion

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 Québec. Dominion also supplies products to customers in the United States. The Fund's website may be accessed at www.dominioncitrus.com.

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