About Gemini Corporation
Gemini Corporation is a professional services firm that designs, builds and maintains energy and industrial facilities. Founded in 1982, Gemini provides services on either a standalone basis or by combining engineering and field service capabilities to increase project efficiency and provide a single point of accountability. The Corporation's principal target markets are conventional and unconventional oil and gas, in-situ heavy oil, and heavy industrial facilities. Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ca.
Gemini's 2012 annual financial report will be filed with SEDAR at http://www.sedar.com on or before March 5, 2013.
CONSOLIDATED FINANCIAL HIGHLIGHTS
Three Months Ended Year Ended (Unaudited) (Audited)Operating Highlights ($'000) Dec 31, Dec 31, Dec 31, Dec 31, 2012 2011 2012 2011Revenue $ 19,896 $ 18,673 $ 87,187 $ 64,102Gross profit 2,958 2,904 14,222 11,526Income (loss) before interest & taxes (154) (419) 1,411 (1,991)Net Income (loss) $ (224) $ (430) $ 785 $ (1,700)Earnings per share (basic & diluted) $ (0.005) $ (0.012) $ 0.021 $ (0.049) December 31, December 31,Balance Sheet Highlights ($'000) 2012 2011Working capital $ 12,084 $ 7,119Total assets 26,088 28,585Shareholders' equity 17,689 13,069
This news release may contain forward looking information that represents Gemini's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or Gemini's future economic performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to Gemini's performance and competition within the sectors in which it competes, the continuation of the current regulatory and tax regimes in the jurisdictions in which Gemini operates, and necessarily involve known and unknown risks and uncertainties, including risks and assumptions relating to client service demand, field service costs, labour rates, and other factors that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted or suggested. The Corporation does not undertake to update any forward-looking information in this document whether as to new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
President & CEO
Executive VP & CFO