BOVAR Inc. announces earnings.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 21, 1995--BOVAR INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVR BVR Beyond Visual Range BVR Business Valuation Review (journal) BVR Biliverdin Reductase BVR Bureau of Vocational Rehabilitation BVR Bulletin de Versement (French) ) -0-
Three Months Ended Nine Months Ended
September 30 September 30
1995 1994 1995 1994
(thousands of dollars (thousands of dollars
except per share data) except per share data)
Revenue $24,460 $20,812 $68,969 $55,294 Net Income 5,592 2,492 8,779 4,513 Net Income per Common Share .07 .03 .11 .06 Cash Provided by Operations $8,981 $5,786 $19,210 $11,934 Weighted Average Number of Shares 82,253 81,946 82,074 76,346 -0- BOVAR reported net income of $5.6 million ($0.07 per share) for the three months ended September 30, 1995, compared to $2.5 million ($0.03 per share) for the same period in 1994. BOVAR's revenues for the third quarter of 1995 were $24.5 million compared to $20.8 million in the third quarter of 1994. The 18 percent increase reflects a sale of $2.1 million of air quality monitoring stations for use in Malaysia, increased revenues from consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in Western Canada
Western Canada, commonly referred to as the West and the Alberta Special Waste Management System (ASWMS), partially offset by declining sales of the corporation's engineered products. Cash provided by operations increased 55 percent to $9.0 million from $5.8 million in the third quarter of 1994. For the nine months ended September 30, 1995, BOVAR reported net income of $8.8 million ($0.11 per share) compared to $4.5 million ($0.06 per share) in 1994. This increase is largely due to increased revenues from ASWMS and $4.3 million relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc renegotiation of the ASWMS agreements partially offset by lower profitability levels in the Engineered Products segment. BOVAR has reached an agreement with the Province of Alberta (Province) whereby the Province transferred its 40 percent interest in the ASWMS to a subsidiary and paid a total of $139.2 million to that subsidiary to satisfy its ongoing commitments to BOVAR. BOVAR and the Province have commenced negotiations respecting the purchase of the subsidiary's shares by BOVAR and other related issues. BOVAR Inc. provides environmental and waste management services internationally. BOVAR operates and is 60 percent owner of Canada's only fully integrated hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. treatment facility which is located near Swan Hills, Alberta Swan Hills is a town (incorporated January 1, 1967) in northern Alberta, Canada. It is located km ( mi) north of Whitecourt at the junction of Highway 32 and Grizzly Trail. Swan Hills is located in Municipal District of Big Lakes within census Division No. 17, Alberta. . BOVAR conducts its environmental operations through Chem-Security (Alberta) Ltd., BOVAR Engineered Products, BOVAR Environmental and BOVAR Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Services Inc. CONTACT: Monty L. Davis President and C.E.O. (403) 235-8302 or Daryl W. Ferko Vice President Finance and C.F.O. (403) 235-8329 |
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