Boralex Inc. Third quarter Financial Results.MONTREAL--(BUSINESS WIRE)--July 31, 1996--BORALEX INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME: BLX BLX Business Line Expert BLX Basic Launch Complex BLX British Legion of Xbox (gaming clan) .A) Boralex Inc. announces its financial results for the third quarter of the current fiscal year. For the quarter the company recorded net earnings of $184 875 or $0.001 per share, compared to a net loss of $201 073 or $0.001 per share for the same period last year. Cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses amounted to $450 373 or $0.002 per share, compared to $278 625 or $0.002 per share for the same period in 1995. Sales during the quarter amounted to $3.4 million compared to $2.2 million for the same period in 1995. The net earnings for the third quarter include a non-recurring gain of $138 900 from the sale of certain mining assets. These results bring sales for the nine months ended June June: see month. 30, 1996 to $10.4 million, up from $7.9 million for the corresponding period of the previous year. For the first nine months of the year the company posted a net loss of $24 386 or $0.000 per share, compared with net loss of $153 725 or $0.001 per share for the same period last year. Cash flow from operations for the period to date totalled $1 648 844 or $0.010 per share, compared to $1 526 047 or $0.011 per share in 1995.
9 MONTHS QUARTER
30-06-96 30-06-95 30-06-96 30-06-95
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Sales $10 472 318 $7 934 651 $3 406 062 $2 220 334
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Net
earnings
(Loss) $ (24 386) $ (153 725) $ 184 875 $ (201 073)
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Per share $ (0,000) $ 0,001 $ 0,001 $ (0,001)
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Cash flow
from
operations $1 648 844 $1 526 047 $ 450 373 $ 278 625
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Per share $ 0,010 $ 0,011 $ 0,002 $ 0,002
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CONTACT: Boralex Inc. Jacques Gauthier Jacques Gauthier is a vertebrate paleontologist and systematist, and one of the founders of the use of cladistics in paleontology. He received a BS in Zoology at San Diego State University in 1973, a Masters of Science at the same institute in 1980, and a PhD in Paleontology , 514/282-2600 or Boralex Inc. Monsieur Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. F. Hall, 819/363-5117 |
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