Datamark Systems Group Inc. Announces Results for the First Quarter Ended March 31, 2005.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Datamark Systems Group Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DMK DMK Denmark DMK Dravida Munnetra Kazhagam (political party in the state of Tamil Nadu, India) DMK Dystrophia Myotonica Kinase DMK Deluxe Mounting Kit (CB radio) DMK Dynamic Management Kit ) All amounts are expressed in Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents . Consolidated sales for the first quarter ended March 31, 2005 were $28,002,000, compared to $28,061,000 for the first quarter of 2004. Although sales for the first quarter of 2005 were similar to the same period of last year, the sales mix sales mix See product mix. was favourable with more revenues derived from commercial printing and labels and less from traditional business forms. Sales for the first quarter of 2005 benefited from the purchase and installation of a six-colour press in the second half of 2004. Cost of sales decreased by 2.8% to $19,704,000 compared to $20,280,000 for the first quarter of last year. The decrease in cost of sales reflects ongoing efforts to reduce operating costs operating costs npl → gastos mpl operacionales in order to maintain margins in a price competitive market. As a result of the improved sales mix and cost control, gross profit increased to $8,298,000 or 29.6% of sales for the first quarter of 2005 compared to $7,781,000 or 27.7% of sales for the same period last year. Net earnings increased by 56% to $834,000 from $533,000. Basic earnings per share increased to $0.07 per share from $0.04. Datamark previously announced that it is exploring a reorganization of Datamark into an income trust. Datamark is also exploring other options that will maximize shareholder value. Management is continuing to evaluate a possible conversion. There can be no assurance that a conversion transaction will occur. Datamark Systems Group Inc. is dedicated to providing efficient and innovative document Management solutions. The company's operating divisions and subsidiaries, Datamark Systems, Proforms and Les Impressions Intra-Media Inc. provide a full range of products and services including forms, labels, airline products and short and long run commercial printing. Document management services encompass warehousing and distribution as well as customized inventory and cost reporting. Datamark Systems Group Inc.'s plants and distribution centers are in Quebec, Ontario, Manitoba and Alberta. Datamark Systems Group Inc. is listed on the Toronto stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol DMK. Datamark Systems Group Inc. (TSX:DMK) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion