SHERRITT INTERNATIONAL CORPORATION

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Type: Public
Classification: Monitor

Stock Quote: TSX:S

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1133 YONGE STREET 5TH FLOOR
TORONTO
Ontario
Canada, M4T 2Y7
Phone: +1 (416) 924-4551
Fax: +1 (416) 924-5015
Toll Free: 1 800 704 6698

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Company Summary

Sherritt International Corporation operates principally in Canada and Cuba. It has significant interests in thermal coal production; nickel and cobalt production; oil and gas exploration, development and production; and electricity generation. The company also has interests in soybean based food processing, tourism and agriculture.

Company News

Wednesday, July 29, 2009

Sherritt International announced second-quarter 2009 results with Net earnings of $24.4 million in second-quarter 2009 ($0.08 per share), compared with net earnings of $80.3 million ($0.28 per share) for second-quarter 2008, despite a significant decline in commodity prices. A net loss for the first six months of 2009 totaled $18.5 million ($0.07 per share) compared to net earnings of $169.3 million ($0.65 per share) for the first six months of 2008. First-quarter 2009 results included a $79.5 million ($57.4 million after-tax) loss on disposal in respect of the sale of certain Oil and Gas assets.

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