March 2 (Reuters) - Newalta Corp NAL.TO :
* Reports fourth quarter and year end 2015 results
* Says "2016 will be another challenging year with the prolonged market
downturn expected to continue to impact our results"
* 2015 results were significantly impacted by the downturn in our industry"
* Qtrly negative FFO per share $0.19
* Says adjusted EBITDA in the first quarter of 2016 is expected to be lower
than the fourth quarter of 2015
* Qtrly revenue $64.6 million versus $133,1 million last year
* Q4 revenue view C$69.8 million -- Thomson Reuters I/B/E/S
* Says in light of the current market environment and outlook, the board of
directors suspended the quarterly cash dividend
* Expect to realize approximately $1 million of savings in the first quarter
from our cost rationalization actions taken in 2016
* See 2016 capital expenditures of about $15 million, down from previous
guidance of $30 million to $40 million
* Says anticipate being cash flow negative in 2016
* Tangible book value per share $5.69 as of December 31 2015 versus $8.28 last
year
* Source text for Eikon ID:nMKWDmKrza
* Further company coverage NAL.TO