CASCADES RESULTS CONTINUE TO IMPROVE.KINGSEY Kingsey is a small village in Buckinghamshire, England. It is located near the border with Oxfordshire, about two miles east of Thame, a mile south of Haddenham. The village name is of 12th century origin and means 'king's island', referring to a piece of dry land that FALLS, QUEBEC--(BUSINESS WIRE)--AUGUST 3, 1995--Cascades Inc. (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CAS) Cascades Inc. announces, for the six month period ended June June: see month. 30, 1995, consolidated net earnings of $50,146,000 ($0.80 per share after dividends on preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. and $0.66 fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. per share), compared to $7,739,000 ($0.07 per share after dividends on preferred shares and $0.07 fully diluted per share) for the same period in 1994. For the quarter ended June 30, 1995, the consolidated net earnings were $26,933,000 ($0.43 per share and $0.35 fully diluted per share), compared to $2,525,000 ($0.01 per share and $0.01 fully diluted per share) for the same period in 1994. Consolidated sales for the six month period ended June 30, 1995 were $1,151,884,000, compared to $787,679,000 for the same period in 1994, which represents a 46 per cent increase. For the quarter ended June 30, 1995, the consolidated sales were $591,289,000, a 5 per cent increase on the first quarter of 1995, and they are compared to $406,715,000 for the same period in 1994. Consolidated 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 for the six month period ended June 30, 1995 was $108,923,000 ($1.82 per share and $1.47 fully diluted per share), compared to $29,241,000 ($0.44 per share and $0.39 fully diluted per share) for the same period in 1994. For the quarter ended June 30, 1995, the consolidated cash flow from operations was $58,643,000 ($0.98 per share and $0.79 fully diluted per share), compared to $17,227,000 ($0.27 per share and $0.23 fully diluted per share) for the same period in 1994. Favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. market conditions as well as increases in the costs of raw materials which enabled the implementation of important price increases in the majority of our industrial groups over the past 21 months allowed the company to post record results for the second consecutive quarter. The quality of our production employees and the effort of our sales team will enable Cascades to continue, in 1995, the last quarters trend. -0-
Half-year Half-year Quarter Quarter
June 30 June 30 June 30 June 30
1995 1994 1995 1994
($'000) ($'000) ($'000) ($'000)
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Sales 1,151,884 787,679 591,289 406,715
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Net earnings 50,146 7,739 26,933 2,525
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Per share $0.80 $0.07 $0.43 $0.01
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Fully diluted per share $0.66 $0.07 $0.35 $0.01
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Cash flow from operations 108,923 29,241 58,643 17,227
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Per share $1.82 $0.44 $0.98 $0.27
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Fully diluted per share $1.47 $0.39 $0.79 $0.23
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CONTACT: Andre An·dré , John 1751-1780. British army officer hanged as a spy in the American Revolution for conspiring with Benedict Arnold. Belzile Vice-President vice president or vice-pres·i·dent n. Abbr. VP 1. An officer ranking next below a president, usually empowered to assume the president's duties under conditions such as absence, illness, or death. 2. , Finances (819) 363-5140 or Laurent Lemaire President and Chief Executive Officer (819) 363-5110 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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