OREANDA-NEWS. January 08, 2016. Jemi Fibre Corp. announces its 2Q results for the three and six month period ended October 31, 2015.

Adjusted EBITDA for the three month period ended October 31, 2015 was \\$4.5 million on revenue of \\$18.5 million, compared to \\$4.1 million of adjusted EBITDA on revenue of \\$20.5 million for the 1Q FY2016 and \\$2.6 million of adjusted EBITDA on revenue of \\$14.2 million for the three month period ended October 31, 2014.

Adjusted EBITDA for the six month period ended October 31, 2015 was \\$8.6 million on revenue of \\$39 million, compared to \\$2.7 million adjusted EBITDA on revenue of \\$21.2 million for the six month period ended October 31, 2014.

“Jemi’s 2Q results continue to demonstrate the value of our integrated forestry assets,” stated Chairman and CEO Mike Jenks. “We continue to grow, with year-to-date adjusted EBITDA up 221% over the prior year, and, as we progress through our third quarter, we are pleased with the upward production trends we anticipated into the winter months.”

Jemi Fibre is a Western Canadian based forest products company. Jemi Fibre’s operations consist of timber ownership and management of private timberlands and Crown forest licenses, full service logging and trucking operations, post-peeling and wood treatment operations for the agricultural market and specialty lumber manufacturing.