2nd Quarter Results June 30, 1996.TORONTO--(BUSINESS WIRE)--Aug. 29, 1996--AIRBOSS OF AMERICA America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BOS ) Sales increased by 201 percent over the same period in 1996. Trends that were established in the first quarter continued in the period ended June June: see month. 30, 1996. O.E.M. tire sales and railway product sales continued to be strong. A new three-year labor contract was signed effective July 1, 1996. Wage increases have been offset with reductions in other labor related costs such as Workmen's Compensation Workmen's Compensation n. a former name for Workers' Compensation before the unisex title of the acts was adopted. insurance. The Company has increased manufacturing capacity and will commence production of the first sizes of earthmoving, trenchers and forklift tires in the third quarter of 1996. The potential of the rear backhoe tire is only just beginning to be realized. -0-
1996 Six Months Ended June 30
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1996 1995
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Sales $ 9,550,850 $ 3,165,816 Gross Profit $ 2,827,548 $ 726,622 Net income for the period $ 984,368 $ (838,513) Earnings per share $ 0.023 $ (0.023) AirBoss of America holds the exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rights to design, manufacture and market puncture-free AirBoss non-pneumatic tires for industrial and off-road equipment. AirBoss common shares are listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "BOS". CONTACT: AirBoss of America Corp. Robert L. Hagerman, 905/564-9875 616/637-6356 |
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