ABL Canada Inc. Announces First Quarter Results.MONTREAL--(BUSINESS WIRE)--April 28, 1998--ABL Canada Inc. (ME:ABL.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ABL.) today announced quarterly financial results for the three month period ended March 31, 1998. -0-
(in thousands of dollars, except share data)
First Quarter and year-to-date 1998
1997
________________________
Revenues 5,183
4,330 Net Earnings (loss) (444)
(1,241) Net Earnings (loss) per share (0.02)
(0.07)
-0- Revenues for the first quarter 1998 were $5.2 million compared to $4.3 million in the prior year representing an increase of 20 percent. The net loss for the quarter of $0.4 million compares to a $1.2 million loss in the first quarter of the previous year. Margins for the quarter were 45 percent as compared to 42 percent in the first quarter of 1997. Higher volumes realized, combined with slightly reduced operating expenditure levels compared to that of 1997, have contributed to significantly reducing the loss for the quarter. ABL Canada Inc., from facilities in Montreal, Canada, develops, produces and markets advanced digital equipment for companies choosing to enhance their network capabilities for the integrated, simultaneous delivery of multimedia voice, data and video. ABL specializes in video codecs, optical fiber multiplexers and broadband switches for multimedia transmission over optical fiber, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. , and Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. networks, for wide ranging applications including distance learning, video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. , remote surveillance and broadcast and cable television distribution. ABL markets and services its products in over 51 countries through its offices 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 Europe and through a network of distribution and resellers world wide. ABL is traded in the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol ABL. CONTACT: ABL Canada Inc. Stephen Farrell John Stephen Farrell (known as Stephen Farrell) is a British journalist who has been the Middle East correspondent for The Times. In July 2007, he joined The New York Times as a correspondent in Baghdad[1]. , 514/344-5432 http://www.abl.ca |
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