(PRB.A.) Premier CDN Enterprises Ltd. announces first quarter results.MONTREAL--(BUSINESS WIRE)--Oct. 1, 1996--Premier CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. Enterprises Ltd. (ME PRB PRB Pharmaceutical Resources Branch .A.) First quarter Speaking at the Annual Shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. today, Bernard Belanger, President and Chief Executive Officer of Premier CDN Enterprises, announced the results for the first quarter. For the three month period ended on August 31, 1996, Premier CDN Enterprises Ltd posted sales of 19.0 million dollars, a 24 percent increase compared to sales of 15.3 million dollars for the previous year. In terms of profitability, the quarter showed net earnings of $ 111,000 or $ 0.01 per share compared to net earnings of $ 492,000 or $ 0.03 per share for the corresponding period of the previous year. Comments on the results The increase in sales and a slight deterioration of the profit margins, resulting from very strong competition in certain segments of our market, are accountable in most part for the gap between the two years. -0-
PREMIER CDN LTD (Enterprises)
(In thousands of dollars, except for amount per share)
1996 1995 Variance
(percent)
________________________________________________________
3 months to August 31, 1996
________________________________________________________
Sales 18,956 15,305 24
Net earnings 111 492 -77
Earnings per share 0.01 0.03 -67
Cash Flow per share 0.09 0.11 -18
________________________________________________________
Average number of
outstanding
shares 15,758,927 15,758,927
________________________________________________________
Corporate Profile Premier CDN Enterprises Ltd is a Canadian company active on international markets specialized in sphagnum sphagnum (sfăg`nəm) or peat moss, any species of the large and widely distributed genus Sphagnum, economically the most valuable moss. peat moss peat moss: see sphagnum. peat moss or sphagnum moss Any of more than 160 species of plants that make up the bryophyte genus Sphagnum, which grow in dense clumps around ponds, in swamps and bogs, on moist, acid cliffs, and on based products and technologies arising from the expertise acquired in its handling. Founded 65 years ago, Premier CDN Enterprises currently employs some 800 people in its various operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . Its subsidiary Premier Horticulture, is one of the largest producers and distributors of sphagnum peat moss based products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Premier Tech, its other subsidiary, specializes in the development and marketing of material handling and packaging systems, of waste water, air and sludge treatment systems using sphagnum peat moss and of biotechnology designed to improve the yield of various horticultural and agricultural productions. Premier Horticulture's main markets include all of North America as well as Japan, Mexico, Chili (language) CHILI - D.L. Abt. A language for systems programming, based on ALGOL 60 with extensions for structures and type declarations. ["CHILI, An Algorithmic Language for Systems Programming", CHI-1014, Chi Corp, Sep 1975] , etc. Its products are intended primarily for professional and industrial producers including horticultural and agricultural producers as well as mushroom growers, garden centers, mass merchandisers and nurseries. Premier Tech's markets currently cover North America and Europe. CONTACT: Premier CDN Enterprises Ltd. Michel E. Guay, 514/631-6700 INTERNET: http://www.premierhort.com E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : michel_e_guay@premierhort.com |
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