Datamark Systems Group Inc. Announces Results for the Fourth Quarter and Year Ended December 31, 2004.MONTREAL -- 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 ) - Consolidated sales for the fourth quarter were $30,162,967 compared to $29,839,929 for the same 2003 period. Consolidated sales for the year ended December 31, 2004 were $115,918,945 compared to $114,271,864 for 2003.The increase in 2004 reflects higher sales of labels and commercial printing. Net earnings for the fourth quarter of 2004 were $1,173,631 or $0.10 basic earnings per share compared to a net loss of $6,580,037 or ($0.54) per share for the same 2003 period. Net earnings for the full year 2004 were $3,600,331 or $0.30 basic earnings per share compared to a net loss of $5,651,300 or ($0.46) per share for 2003. The fourth quarter and full year 2003 results include a $7,015,000 write-down of goodwill and an asset impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. of $460,000, both non-cash expenses Noun 1. non-cash expense - an expense (such as depreciation) that is not paid for in cash disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures) , as well as other non-recurring items. The Company experienced growth in its labels and commercial printing businesses in 2004, as well as a stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders in sales of carbonized For the process of carbonization, see . Carbonized were a Swedish death metal band. They later developed into psychedelic grindcore and gradually became more and more avant garde. airline tickets. Based on its strong document management offering, the Company signed multi-year contracts with several large customers who are benefiting from its full range of services. On January 19, 2005, Datamark announced that it is exploring a reorganization of Datamark into an income trust. 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