TORONTO, ONTARIO--(Marketwire - May 11, 2012) - Dominion Citrus Income Fund ("Dominion", the "Fund") reports net earnings from continuing operations of $39,000 rounding to $0.00 per unit for the three months ended March 31, 2012. Net loss from discontinued operations was $32,000 rounding to $0.00 per unit.
The results for the three month period ended March 31, 2012 and April 2, 2011 are summarized below (all figures in 000's except per unit results):
| First Quarter ended: | |||||||
| 3/31/12 | 4/2/11 | ||||||
| Revenue | $ | 17,670 | $ | 19,194 | |||
| Net earnings (loss) from continued operations | $ | 39 | $ | (2,873 | ) | ||
| Per unit | $ | 0.00 | $ | (0.14 | ) | ||
| Net earnings (loss) from discontinued operations | $ | (32 | ) | $ | (45 | ) | |
| Per unit | $ | 0.00 | $ | 0.00 | |||
| Net earnings (loss) | $ | 7 | $ | (2,918 | ) | ||
| Per unit | $ | 0.00 | $ | (0.14 | ) | ||
| Units outstanding (000's) | 21,186 | 19,577 | |||||
About Dominion
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 are listed on the TSX under the symbol DMN.PR.A.
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.
Contact Information:
Jason Fielden
President & CEO
416-242-8341 x 250
www.dominioncitrus.com