MONTREAL - Logistec Corporation (TSX: LGT.A LGT.B), a marine and environmental services provider, today announced its financial results for the first quarter ended March 28, 2015. During the first quarter of 2015, consolidated revenue totalled $60.4 million, a decrease of $2.4 million or 3.8% from the equivalent period of the previous year. The marine services segment's revenue grew by $2.4 million or 5.2% to $48.1 million for the first quarter of 2015, whereas the environmental services segment's revenue amounted to $12.3 million, down by $4.7 million or 27.8% from the first quarter of 2014. The revenue growth in the marine services segment came from an increase in bulk cargo volumes, while the revenue decrease in the environmental services segment is explained by lower woven-hose manufacturing volumes. The first quarter of 2015 closed with a consolidated profit attributable to owners of the Company of $2.5 million, compared with $4.3 million for the first quarter of 2014. The profit attributable to owners of the Company translated into total basic and diluted earnings per share of $0.20, of which $0.19 was attributable to Class A Common Shares and $0.21 was attributable to Class B Subordinate Voting Shares. Outlook "The first quarter is not overly indicative of our outlook for the year due to the seasonality of our activities, and we are not concerned by the drop in revenue and net profit. All cargo types, bulk, break-bulk and containers, are showing solid performances and we should benefit from the ongoing turnaround of the U.S. economy. Furthermore, we are confident in regard to Sanexen's capacity to deliver another good year in 2015, as we expect an increase in the demand for services related to the Aqua-Pipe technology and a satisfactory level of site remediation activity," indicated Madeleine Paquin, President and Chief Executive Officer of Logistec Corporation.