ABL Canada Inc. Announces Thrid Quarter Results.MONTREAL--(BUSINESS WIRE)--Oct. 29, 1996-- ABL Canada(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ;ME ABL) ABL Canada Inc. today announced results for the nine month period ended September 30, 1996. -0- (in thousands of dollars, except share data) Third Quarter 1996 1995 _____________ _____ _____ Revenue 5,006 3,554 Net Earnings (loss) (1,406) (3,453) Net Earnings (loss) per share (0.08) (0.30) Nine months ended Sept. 30, 1996 Revenue 11,779 12,404 Net Earnings (loss) (6,380) (9,941) Net Earnings (loss) per share (0.36) (0.86) Revenues for the third quarter 1996 were $5.0 million and 41 percent higher than the third quarter in 1995. The year-to-date sales of $11.8 million are slightly below that of last year. The improvement in margins and reduced operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. resulted in a reduced loss for the quarter and for the nine months as compared to the same period last year. The loss for the third quarter 1996 is $1.4 million, $0.08 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. versus a loss of $3.6 million, $0.30 cents per share for the third quarter in 1995. The Company has recently signed contracts with British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Marconi, Fundy Cable Fundy Cable was a Canadian cable television provider, which served all major New Brunswick communities except for the Sackville area at the time of its purchase by Shaw Communications in 1999. Its operations were later acquired by Rogers Cable. and Philippines Long Distance Telephone Company. ABL Canada Inc., from facilities in London, England, Mentor, Ohio and 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 and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. , for wide ranging applications including distance learning, video conferencing, remote surveillance and broadcast and cable television distribution. ABL markets and services its products in over 41 countries through its offices in the United States, Canada and Europe and through a network of distribution and resellers worldwide. ABL is traded on 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. David Moszkowski, 514/ 344-5432 514/ 344-5441 (FAX) INTERNET: http://www.abl.ca |
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