Business

No new COVID-19 cases reported Saturday as N.L.

Published

4 years ago

July 12, 2020

Newfoundland and Labrador has tested more than 20,000 people, as no new cases of COVID-19 are being reported Saturday. (Pavel Mikheyev/Reuters)

One day after the province’s first new positive case in 43 days, Newfoundland and Labrador is reporting no new cases of COVID-19 Saturday.

According to a news release from the provincial government, the province’s total caseload remains at 262, with 258 people having recovered from the virus. There have been three deaths.

The province crossed 20,000 people tested as of Saturday, as 20,175 people have been tested — a jump of 205 in the last day.

On Saturday, the province provided an update on its first new case of COVID-19 since May 28.

The case is related to recent travel from the United States, and involves a man in his 50s in the Eastern Health region. The government reported Friday that the man did not travel through the Atlantic provinces during his return to the province.

In Saturday’s news release, health officials say contact tracing around the new positive case has been completed, with everyone considered a close contact testing negative for the virus. Close contacts of the man have also been advised to quarantine.

Government added the man was not symptomatic during travel and followed the province’s self-isolation protocol. As a result, they say risk to the public is low.

The latest COVID-19 information will continue to come via emailed statements on all days except Wednesdays, as the province’s COVID-19 media briefings have been scaled back to once a week.

Source: – CBC.ca

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Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

1 day ago

November 6, 2024

Anne Joseph

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

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Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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