Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

18 Percent Increase in Net Earnings for Roctest.


MONTREAL--(BUSINESS WIRE)--March 31, 1998--(ME:RTT RTT - Round-Trip Time .) Roctest Limited (the "Company"), announced consolidated sales for the fiscal year ending December December: see month.  31, 1997 were $17,264,000 compared to $14,544,000 for the previous fiscal year, an increase of 18.7 percent for the same period, the net earning increased by 18 percent, from $1,102,000 to $1,300,000.

The net earnings per share were $0.31 in 1997 compared to $0.27 per share in 1996. The average number of shares outstanding went from 4,037,122 in 1996 to 4,200,444 in 1997.

For 1997, our two acquisitions in France and in Ontario Ontario, city, United States
Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891.
 enabled us to consolidate our position in Europe and strengthen our development in the environmental sector. These acquisitions will accelerate the company growth in 1998.

Roctest declared its thirty-fourth consecutive quarterly dividend of $0.0225 per share. It will be payable on May 1st, 1998, to the shareholders of records at the close of business on April 24th, 1998. Profile

Roctest, the world leader in instrumentation instrumentation, in music: see orchestra and orchestration.
instrumentation

In technology, the development and use of precise measuring, analysis, and control equipment.
 of engineering projects, is involved in the design and manufacturing of geotechnical and structural measuring instruments used worldwide in dams, mines and tunnels. The Company, through its affiliate Nortech GSI GSI - Gensym Standard Interface  Inc. markets environmental instrumentation. Roctest owns subsidiaries in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and in France.

CONTACT: Roctest Ltd., Montreal

Pierre Carrier, 514/465-1113

info@roctest.com

or

Roctest Ltd. Montreal

Jocelyn St-Denis, 514/465-1113

info@roctest.com
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 31, 1998
Words:242
Previous Article:United Dominion Door Products Acquires Tex-Steel Corporation.
Next Article:Raytheon Wins $18.5 Million TacGA Radio Contract.
Topics:



Related Articles
Roctest sales and earnings increased during the first nine months of 1995.
Roctest Increases its Earnings by 11 Percent During the First Quarter.
Roctest Breaks Through the 6 Million Sales Barrier During First Semester.
Roctest Diversifies its Efforts in the Fiber Optic Market.
Roctest's Sales Grow 23.4 Percent.
Roctest's sales grow 8 percent in the first quarter - $2.5 million dollar contract in China.
New Acquisition by Roctest.
Roctest Ratifies Purchase of French Company.
Roctest Ltd. - Geotech and Nortel Merge under the Corporate Name Nortech GSI Inc.
AFMA revises sales projections.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles