Weyburn Inland Terminal has recorded its most profitable first-half in 10 years.
Farmer shareholders will benefit from a semi-annual dividend payment of $1.60 per Class A preferred share and $1 per common share, for a total payout of $964,000.
The grain handling company reported last week that it had achieved after-tax earnings of $2.3 million ($2.41 per share) for the first six months of the 2006 fiscal year.
That’s up substantially from the $642,000 earned during the same period in 2005.
Increased grain shipments are the biggest single factor in the improved performance, although the company said it’s Pro-Pellet and Vigro Seed and Supply businesses also registered improved results.
Chief executive officer Rob Davies declined to provide specific volume totals, but said tonnage had almost doubled from last year.
The company also reported paying out $503,000 in freight and dockage premiums.
