Printer Friendly

COTT CORPORATION ANNOUNCES RESULTS

 COTT CORPORATION ANNOUNCES RESULTS
 TORONTO, June 10 /PRNewswire/ -- Cott Corporation today announced


that its board of directors has approved a subdivision of the company's common shares on a two for one basis. The subdivision, which is subject to regulatory and shareholder approval is expected to be effective July 29, 1992.
 Cott also announced that it has received approval to list its common shares on the National Market System of NASDAQ, with trading expected to begin shortly under the trading symbol COTTF.
 Cott also announced its results for the first quarter ending April 25, 1992, as follows:
 COTT CORPORATION
 3 months ended
 April 25, 1992 April 27, 1991
 Sales $51,062,000 $21,422,000
 Earnings from Operations 4,215,000 2,047,000
 Income Taxes 1,783,000 128,000
 Minority Interest 359,000 33,000
 Net Earnings 2,073,000 1,886,000
 Earnings per Share - Basic $0.18 $0.20
 Fully
 Diluted $0.17 $0.19
 Earnings from operations were more than double the prior year's as a result of a 138 percent increase in sales. A large portion of the sales growth came from the U.S. market which represented over 35 percent of total company sales while Canadian sales growth remained strong.
 The company noted that minimal tax was reflected in the prior year as a result of the usage of tax loss carry forwards while 1992 earnings are taxable. The application of the 1992 tax rate to first quarter 1991 earnings would result in basic earnings per share of $0.12 for that period.
 -0- 6/10/92
 /CONTACT: Fraser D. Latta, executive vice-president and chief operating officer of Cott Corporation, 416-672-1900/
 (COTTF) CO: Cott Corporation ST: Ontario IN: SU: ERN


PS -- NY035 -- 8788 06/10/92 11:35 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 10, 1992
Words:295
Previous Article:NATIONAL BEVERAGE SUBSIDIARY CLOSES DEBT FINANCING TRANSACTION
Next Article:ENVIRONMENTAL DIAGNOSTICS, INC. ENTERS INTO DISTRIBUTION AGREEMENT WITH RHONE-POULENC DIAGNOSTICS, LTD.


Related Articles
COTT CORPORATION - EARNINGS FOR FOURTH QUARTER AND FISCAL YEAR ENDING JANUARY 30, 1993
COTT CORPORATION REPORTS EARNINGS FOR FIRST QUARTER ENDING MAY 1, 1993
COTT, RC COLA REACH AGREEMENT FOR WORLDWIDE PRIVATE LABEL SOFT DRINK SUPPLY
Cott Chief Targets Sustained Double-Digit Earnings Growth Innovation and Financial Measures To Drive Performance
'Gerald N. Pencer Award for Excellence in Innovation' Established; All Cott Employees Eligible
/C O R R E C T I O N -- WILink/.
Cott Corporation announces date for first quarter earnings release, AGM and webcast; adjusts time of Q1 conference call.
Cott Corporation announces date for fourth quarter and year end earnings release, conference call and webcast.
Cott and CEO Weise agree to new contract; company reiterates 2002 guidance and provides 2003 guidance.
Cott Corporation announces date for third quarter earnings release, conference call and webcast.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters