Algonquin Mercantile Corporation Second Quarter Results.TORONTO--(BUSINESS WIRE)--Aug. 26, 1997--Algonquin Mercantile Relating to trade or commerce; commercial; having to do with the business of buying and selling; relating to merchants. A mercantile agency is an individual or company in the business of collecting data about the financial status, ability, and credit of individuals (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AM.) Algonquin Algonquin (ălgŏng`kwĭn, -kĭn), small group of Native North Americans. The name of the Algonquian branch of the Algonquian-Wakashan linguistic stock (to which they belonged) is derived from their name (see Native American languages). Mercantile Corporation ("Algonquin") reports sales for the second quarter of $27 million, up 20 percent from $22 million in the prior year. Net Earnings totaled $0.6 million or $0.06 per share for the quarter, compared with $0.5 million and $0.05 per share last year. Sales for the first six months were $49 Million an increase of 19 percent and net income for the period was $2.0 million or $0.29 per share. Last year, Algonquin reported net income in the first half of $9.8 million, which included a $7.8 million gain on the sale of Pharmx Rexall Rexall was the name of a chain of North American drugstores, as well as the name of their store-branded products. Today it is the name of over-the-counter drugs and drugstores in Canada and healthsupplements in the United States. Founding In 1902 Louis K. Drug Stores Ltd. The outlook for the balance of the year is positive. On April 21, 1997, Algonquin mailed a circular Circular may refer to:
Algonquin Second Quarter Operations
3 months ended July 27, 1997 ($ in Millions)
1997 1996
Sales 26.8 22.4
Earnings before Discontinued Operations 0.6 0.5
Earnings of Discontinued Operations - -
Gain on Sale of Discontinued Operation - -
Net income $0.6 $0.5
Net income per share $0.06 $0.05
6 months ended July 27, 1997 ($ in Millions)
1997 1996
Sales 48.8 41.0
Earnings before Discontinued Operations 2.0 1.9
Earnings of Discontinued Operations - 0.1
Gain on Sale of Discontinued Operation - 7.8
Net Income $2.0 $9.8
Net Income per share before Discontinued
Operations $0.29 $0.29
Net Income per share $0.29 $1.46
CONTACT: Algonquin Mercantile Corporation Winston Winston is a name deriving from Old English wynnstān, meaning "pleasant stone". Places Winston is the name of several places in England:
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