Canlan reports strong first quarter results.VANCOUVER, British Columbia--(BUSINESS WIRE)--MAY 4, 1995-- Canlan Investment Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction ) today reported strong results for the first quarter. 1st Quarter Results (three months ended March 31, 1995 compared with three months ended March 31, 1994) - Revenues were $14.1 million compared with $5.8 million. - Net earnings were $1,245,000 compared with $433,000. - Net earnings per share were $0.12 compared with $0.09. John B. Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. , President and C.E.O., said the strong results in the quarter resulted principally from closings of land development lot sales at projects in both B.C. and Oregon and from the recreational hockey rink operations which were expanded significantly in 1994. He noted that all four of the rink facilities acquired in 1994 are performing well. The outlook for the second quarter is for continued successful growth. Canlan Investment Corporation is an innovative and successful real estate investment and development company. It is the largest private sector operator of recreational ice facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with 23 ice surfaces at eight locations in Canada and the U.S., with future expansion being planned throughout the continent. Its real estate development operations are principally in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Alberta, Oregon and Washington State. Shares of Canlan Investment Corporation are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (CAI). CONTACT: Ray Dixon, (604) 736-9152 (Canlan Investment Corp.) Jon W. Kieran or Cathy Hume, (416) 868-1079, Kieran and Co. Inc. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion