ADS Inc.: a Pivotal Third Quarter.QUEBEC CITY, QUEBEC--(BUSINESS WIRE)--Dec. 12, 1996--ADS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME AAL (ATM Adaption Layer) The part of the ATM protocol that breaks up application packets into 48-byte payloads which become ATM cells when the 5-byte headers are attached. The AAL resides between the higher layer transport protocols and the ATM layer. .A.) ADS Inc. has announced that the third quarter, ended last October 31, was market by events pivotal to its future. The Company completed acquisition of a further 40 percent equity position in its subsidiary Beauce Composites Inc. and a further 60 percent interest in Pultrall Inc. The Company also sold its main construction engineering assets and is currently negotiating for the purchase of Marquez Transtech Ltd., a Montreal company active in the manufacture and distribution of thermoformed plastic parts. Chairman and Chief Executive Officer Paul Drouin expressed his satisfaction that management can now devote its full energies to achieving enhanced growth and productivity in the Company's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . "Quality, productivity and quality acquisitions are our new goals," he declared. In light of third quarter results, Drouin also noted that the Company was maintaining its rate of growth. By third quarter end, Company sales had increased by nearly 30 percent compared to the same period the previous fiscal year, rising from $50.6 million to $65.5 million. These amounts, it should be noted, have been adjusted to exclude engineering construction operations, which were ceded to Soprin last September 1. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the first nine months of the fiscal year stood at $9.7 million compared to $9.2 million for the corresponding period last year, while net earnings rose from $4.1 million to $4.4 million. Net earnings per common share from the nine-month period ended last October 31 stood at $0.26, up from $0.25 during the corresponding period of the previous fiscal year. Net earnings per common shares for continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the were $0.28 compared to $0.27 during the previous fiscal year. In strict third quarter terms, net earnings per common share were $0.10 compared to $0.11 during the same quarter last year. In another vein, investments in fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → are almost complete. They now total $4.0 million for the current fiscal year. It should be mentioned that new production line startup at the Thetford Mines plant caused certain delays and, combined with changes to production schedules, negatively impacted Company profits during the third quarter. Fourth quarter results should show significant improvements as a result of recent acquisitions and an anticipated boost in productivity at the new plants. ADS is a holding company mainly involved in the manufacturing sector through subsidiaries in the field of technical textiles and composite materials. Company shares are quoted on the Montreal Stock Exchange Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors AAL.A CONTACT: ADS Inc. Paul Drouin, Eng., 418/626-3383 |
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