Brampton Brick Limited announces third quarter results.BRAMPTON Brampton, city (1991 pop. 234,445), S Ont., Canada, NW of Toronto. Incorporated as a village (1852), a town (1873), and then a city (1976), it is noted for its greenhouses and flowers. Automobiles, shoes, lumber, optical goods, and other products are made. , ONTARIO--(BUSINESS WIRE)--Nov. 8, 1996--Brampton Brick Limit (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., OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. BMPAF) Brampton Brick Limited today reported net income of $2,095,000 (19 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. ) for the third quarter ended September 30, 1996, compared to a loss of $422,000 (4 cents per share) for the same period last year. Lower interest rates and an improvement in the overall economic climate in the Company's major market area produced a significant increase in housing starts. Results for the quarter also include a gain of $593,000 on the sale of property from land held for redevelopment. 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 for the quarter are $9,591,000, which is almost double net sales of $4,911,000 achieved in the third quarter for 1995. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. before interest costs and other items increased to $2,728,000 this year from only $381,000 in the third quarter of last year. For the nine months ended September 30, the Company reported net income of $925,000 (8 cents per share). For the same period in 1995, the Company recorded net income of $2,284,000 (21 cents per share), including a gain of $3,937,000 on the sale of property from land held for redevelopment. Net sales for the nine months are $18,856,000 compared to $13,017,000 last year. Operating profit before interest costs and other items is $3,205,000, which is up from $924,000 in 1995. Brampton Brick is Canada's second largest producer of clay bricks and holds a 38.2 percent interest in the largest producer of concrete blocks in Ontario. The Company's products are used for residential construction and industrial, commercial and institutional building projects. The Company's 80 percent-owned subsidiary, Roxy Construction Co. Limited, provides trucking service to third parties in Ontario and eastern and mid-western United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . -0-
BRAMPTON BRICK LIMITED
Selected Financial Information
(For The Periods Ended September 30, 1996)
(Thousands of dollars, except per share amounts)
Three Months Nine Months
1996 1995 1996 1995
Net Sales $9,591 $4,911 $18,856 $13,017
Operating Profit $2,728 $ 381 $ 3,205 $ 924
Net Income (Loss) $2,095 $ (422) $ 925 $ 2,284
Net Income (Loss)
per Class A and
B Share $ 0.19 $(0.04) $ 0.08 $ 0.21
Weighted Average
Class A and B
Shares Outstanding
($000's) 11,053 11,053 11,053 11,053
CONTACT: Brampton Brick Limited Ken Mondor, 905/840-1101 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion