Brampton Brick Limited Reports Financial Results.BRAMPTON, Ontario--(BUSINESS WIRE)--March 8, 1996--BRAMPTON BRICK LIMITED(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ME: BBL "Be back later." See digispeak. (chat) BBL - (I will) be back later. .A NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BULLETIN: BMPAF ) Brampton Brick Limited today reported net income for the year ended December 31, 1995 of $7,503,000 or 68 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. compared to a loss of $667,000 or 6 cents per share in 1994. The results for 1995 include gains totalling $9,877,000 or 89 cents per share, on sales of properties from the site of its former manufacturing plant and quarry in Brampton, Ontario Brampton (IPA: ˈbræmptən, ˈbræmtən) is a city in the GTA of Ontario, Canada and the seat of Peel Region. As of the 2006 census, Brampton's population stood at 433,806. . Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight amounted to $18,403,000 compared to $23,528,000 in 1994 and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , before financial and other expenses, was $1,398,000 compared to $3,433,000 last year. These variances reflect a 28 percent decrease in housing starts from 1994 to 1995. The 57,700 housing units started in Ontario and Quebec in 1995 represents the lowest number of housing starts in over 40 years. The decline was precipitated by a significant and rapid run-up in interest rates in the early part of the year combined with economic uncertainties and concerns by potential home buyers over job security. In the fourth quarter of 1995, the Company recorded net income of $5,219,000 or 48 cents per share, including gains on property sales of $5,940,000 or 54 cents per share, compared to net income of $74,000 or 1 cent per share in 1994. Net sales for the quarter were $4,206,000 compared to $6,587,000 for the same period in 1994. Brampton Brick is Canada's largest producer of clay brick and holds a 38.2 percent interest in one of the largest producers of concrete block in Ontario. The Company's products are used for residential construction and industrial, commercial and institutional building projects.
BRAMPTON BRICK LIMITED
SELECTED FINANCIAL INFORMATION
FOR THE PERIODS ENDED DECEMBER 31
(Thousands of dollars, except per share amounts)
Three Months Twelve Months
_____________ _____________
1995 1994 1995 1994
---- ---- ---- ----
Net Sales $5,386 $6,587 $18,403 $23,528 Operating Income $ 474 $1,665 $ 1,398 $ 3,433 Net Income (Loss) $5,219 $ 74 $ 7,503 $ (667) Net Income (Loss) per Class A and B Share $ 0.48 $ 0.01 $ 0.68 $ (0.06) Weighted Average Class A and B Shares Outstanding (000's) 11,053 11,053 11,053 11,053 CONTACT: Brampton Brick Limited Ken Mondor, 905/840-1011 |
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