Consolidated Enfield Corporation 2004 First Quarter Press Release.Business Editors TORONTO--(BUSINESS WIRE)--May 11, 2004 Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Enfield Enfield, borough, Greater London, England Enfield, outer borough (1991 pop. 249,100) of Greater London, SE England. It is residential, with important concentrations of industry. Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CEZ CEZ Cefazolin CEZ Ceske Energeticke Zavody (Czechoslovia) CEZ Canadian Electrolytic Zinc Limited CEZ Cortez, CO, USA - Montezuma County (Airport Code) ) (TSX:CEZ.PR.A) today reported net income for the three months ended March 31, 2004 of $1.5 million, including an investment gain of $1.1 million, compared to $1.3 million in 2003. Dividends, interest and other was $0.7 million similar to the same period last year. After providing for unpaid preferred share dividend obligations that accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. during the quarter, the net income per common share was $0.07 compared with a net income of $0.05 per share during the same period last year.
Consolidated Statement of Operations
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Three months ended
March 31
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(unaudited)
(thousands of dollars except per share amounts)
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2004 2003
Investment income
Dividends, interest and
other $ 663 $ 643
Disposition gains 1,090 801
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1,753 1,444
Expenses
Operating 149 128
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Net income before taxes 1,604 1,316
Income taxes 135 -
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Net income $ 1,469 $ 1,316
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Net income per common share $ 0.07 $ 0.05
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This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning the Company's business and operations. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the Company's actual results could differ materially from those expressed or implied Inferred from circumstances; known indirectly. In its legal application, the term implied is used in contrast with express, where the intention regarding the subject matter is explicitly and directly indicated. in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors. |
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