BC SUGAR REFINERY LIMITED ANNOUNCES FIRST FISCAL QUARTER EARNINGS FOR 1995.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 22, 1995--BC SUGAR REFINERY LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BCS (1) (The British Computer Society, Swindon, Wiltshire, England, www.bcs.org) The chartered body for information technology professionals in the U.K., founded in 1957. )--William C. Brown, President and Chief Executive Officer of BC Sugar Refinery Limited, announced first fiscal quarter earnings for 1995 at the Company's annual meeting held today in Vancouver. Net earnings were $5.3 million, or 21 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. , for the quarter ended December 31, 1994. Net earnings for the same period last year were $5.08 million, or 21 cents per share. While first quarter results are slightly improved over those reported for the comparable period last year, future results will be negatively impacted by additional U.S. sanctions Sanctions is the plural of sanction. Depending on context, a sanction can be either a punishment or a permission. The word is a contronym. Sanctions involving countries: FINANCIAL RESULTS
(In Thousands of Dollars) 3 Months Ended December 31
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1994 1993
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Revenues $219,000 $183,522
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Cost and expenses
Cost of sales 187,453 153,777
Selling, general and
administrative 11,799 10,359
Depreciation and amortization 4,025 4,027
Long-term debt interest 4,211 5,632
Other interest 356 213
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Total costs and expenses 207,844 174,008
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11,156 9,514
Income taxes 5,866 4,433
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Net earnings $ 5,290 $ 5,081
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Net earnings per common share $ .21 $ .21
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CONTACT: William C. Brown William C. Brown (May 22, 1916 - February 3, 1999) was an American electrical engineer who helped to invent the crossed-field amplifier in the 1950s and also pioneered microwave power transmission in the 1960s. President and Chief Executive Officer or James W. Hudson Vice President, Finance, Secretary and Chief Financial Officer, 604/253-1131 |
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