Canadian Equipment Rental Fund Limited Partnership, doing business as 4-Way Equipment Rentals, reported total revenues of CD $4.66 million for the nine-month period ended Dec. 31, 2005, compared with $4.68 million for the 11 months preceding it.
“This marks our first year-end as a publicly traded limited partnership,” said president Wayne Wadley. “The growth in business 4-Way Equipment Rentals experienced over the past several years continues into the partnership structure. Utilization rates remain extremely high as our customers continue to be very active in all sectors. Demand for equipment and manpower challenge both the partnership and our customers alike. With nine-month revenues almost matching the previous 11-month numbers, activity remained very brisk through the fall and winter. Significant capital additions to the rental fleet were made throughout the period to address customer demand.”
Cash flow improved from about $906,000 for the previous 11-month period to about $1.15 million for the recent nine-month period.
CERF is based in Edmonton, Alberta.
