ENTREC Corporation reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, revenue was CAD 30,613,000 compared to CAD 51,085,000 a year ago. Loss before finance items and income taxes was CAD 6,919,000 compared to loss before finance items and income taxes of CAD 155,000 a year ago. Loss before income taxes was CAD 6,464,000 compared to loss before income taxes of CAD 2,428,000 a year ago. Net loss was CAD 4,814,000 or CAD 0.04 per basic and diluted share compared to net kiss of CAD 1,777,000 or CAD 0.02 per basic and diluted share a year ago. Adjusted EBITDA was CAD 1,417,000 compared to CAD 7,402,000 a year ago. Adjusted net loss was CAD 6,273,000 or CAD 0.06 per share compared to adjusted net loss of CAD 1,356,000 or CAD 0.01 per share a year ago.

The Company will incur only minimal capital expenditures for the foreseeable future and currently expects capital expenditures for the year ending December 31, 2016 will be under CAD 2 million.