Amisk results for third quarter 1996; Net earnings of $0.07 per share.QUEBEC--(BUSINESS WIRE)--Oct. 31, 1996--AMISK CORP.(ME AS.A.) The Corporation Regionale d'Investissement Amisk Inc. has just announced its third-quarter results for the period ended September September: see month. 30, 1996. The company's earnings for the nine-month fiscal period ended September 30, 1996 were $2,487,298, as compared with net earnings of $4,502,752 for the previous year. The earnings per share were $0.29, as compared with earnings of $0.52 per share for the same period in 1995. The company's earnings for the current quarter are $600,918, or $0.07 per share, as compared with $1,740,736, or $0.20 per share, for the same period in 1995. The book value is now $2.79 per share. Michel Michel named after Gaston Michel, a French surgeon (1875-1937). Michel clip metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end. Belley Belley (Arpitan : Bèlê) is a commune in the French département of Ain. It was the capital of the region of Bugey. History Belley was the birthplace of the epicure Jean-Anthelme Brillat-Savarin. points out that the firm's primary revenues have been generated by its investment in the Corporation des Panneaux Chambord inc., via the Societe en commandite Sodexfor. Sodexfor's earnings and net profits have decreased due to the drop in the average selling price The average sales price of goods or commodities. Especially used in the retail sector and technology distribution. of OSB OSB abbr. Order of Saint Benedict structural panels last quarter. Nevertheless, the prospective yields from this investment are attractive. Belley also reported that the construction work on the MDF (1) (Main Distribution Frame) A wiring rack that connects outside lines with internal lines. It is used to connect public or private lines coming into the building to internal networks. project, one of the Corporation's current endeavours, began in August 1996 and is proceeding according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. schedule and within budget. -0-
The following is a comparison of the key financial figures:
30-09-96 30-09-95
(9 months) (9 months)
Share of earnings from
corporate investment plan $2,669,065 $4,708,654
Administrative costs $205,263 $224,628
Net earnings $2,487,298 $4,502,752
Net earnings per share $0.29 $0.52
Book value per share $2.79 $2.29
CONTACT: La Corporation Regionale d'Investissement Amisk Inc. Michel Bailey, 418/690-7021 418/546-1156, ext.235 Marc Lalancette, 418/546-1155, ext.229 |
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