Capstone Infrastructure Corp.'s second-quarter EBITDA increased to C$30.2 million in 2017, from C$8.2 million a year ago, according to an Aug. 11 news release.
Net income from continuing operations was C$3.2 million, compared to a net loss of C$13.9 million in the prior-year period. The company's revenue totaled C$40.4 million in the most recent quarter, up from C$32.5 million in the 2016 second quarter.
Along with its quarterly results, Capstone Infrastructure announced the appointment of Paul Smith as chairman of its board of directors.
Further, the board declared a quarterly dividend on the company's cumulative five-year rate reset preferred shares, series A, of 20.44 Canadian cents per share. The dividend will be paid on or about Oct. 31 to shareholders of record at the close of business on Oct. 13.