Bearing Power (Canada) Limited Announces First Quarter Results.TORONTO--(BUSINESS WIRE)--Feb. 16, 1996--BEARING POWER (CANADA Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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 its first quarter which ended on December December: see month. 31, 1995. -0-
Percent
1995 1994 Change
Sales $17,775,334 $14,464,026 +23 Gross profit 4,698,435 3,776,812 +24 Earnings before income taxes 1,136,057 401,893 +183 Net earnings 682,057 401,893 +70 Earnings per share 3.4 cents 2 cents +70 Cash flow per share 4.3 cents 2.7 cents +59 Mr. Dan Slabbert, Executive Chairman of Bearing Power (Canada) Limited noted that the results for the quarter reflected the continuing strength in the mining, pulp and paper and forestry sectors of the economy. Mr. Slabbert added that the Company's ability to contain costs while increasing sales resulted in the quarters results being significantly higher than those reported last year. One consequence of the increased profitability of the Company is that the majority of the available tax losses carried forward will be utilized this year and accordingly the Company has booked an income tax provision of $454,000. Mr. Slabbert also added that he is confident that the balance of this financial year will continue to be as strong as the first quarter. 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 38 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: Bearing Power (Canada) Limited Dan Slabbert Executive Chairman 011-44-1242-261-500 or Rick Feehan Corporate Secretary 902/928-2852 or John Clark John Clark is the name of:
416/367-0150 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion