Bearing Power (Canada) Limited - Consolidated Results For The Fiscal Year Ended September 30, 1995.TORONTO--(BUSINESS WIRE)--Dec. 4, 1995--BEARING POWER CANADA (ToSE:BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) Bearing Power (Canada) Limited announced today its consolidated results for the fiscal year ended September 30, 1995. The company had gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. of $64,762,349 (1994 $53,968,504) which represents an increase of 20 percent over 1994. Gross profit increased by 19 percent to $16,701,487 (1994 $14,085,195) and net earnings increased by 96 percent to $2,213,588 (1994 $1,129,734) or 9.1 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. (1994 5.7 cents per share). Dan Slabbert, Executive Chairman of Bearing Power Canada Limited, noted that the results for the year ended September 30, 1995, demonstrated the success of the company's strategy of acquiring non-profit making non-profit making adj (organization) → gemeinnützig companies and turning them into highly profitable operations in a relatively short time frame. Slabbert also noted that the results for 1995 show a 336 percent improvement over the earnings for 1993 and the added that given the improved trading conditions he was confident that the Company would continue this trend on into the 1996 financial year and report further improvements in its earnings for 1996. Bearing Power is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. distributor of bearings and power transmission parts to the Canadian resource industry. The Company serves a wide range of clients including mines, pulp and paper mills and companies in the construction, agriculture and oil and gas industries through its branch network of 42 locations across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . CONTACT: Dan Slabbert Executive Chairman 011-44-1242-261-500 or John M. Clark Director 416/367-0150 |
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