Kimpex Releases Third Quarter Results.DRUMMONDVILLE Drummondville, city (1991 pop. 35,462), S Que., Canada, on the St. Francis River, NE of Montreal. Its manufactures include textiles, paper and wood products, and rubber goods. , Quebec--(BUSINESS WIRE)--April 26, 1996--KIMPEX INTERNATIONAL(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : KPX KPX Korea Power Exchange KPX Kilo Pixel KPX Kodak Picture Exchange ) Third Quarter Results ended February 29, 1996 -0- ($Cdn 000) 3 months 9 months
1996 1995 1996 1995
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Sales 21.7 24.8 61.5 55.9 Net income 0.1 0.4 (1.5) 0.2 E.P.S. $0.0 $0.04 $(0.06) $0.02 -0- The following message to shareholders will appear in the third quarter report to shareholders: Sales for the three months ended February 29, 1996 were $21.7 million compared to $24.8 million for the same period last year. The same period resulted in net income of $0.1 million compared to $0.4 million or $0.04 per share last year. For the nine months ended February 29, 1996, revenues were $61.5 million compared to $55.9 million for the same period last year. The net loss for this period of $1.5 million or $0.06 per share compares to net income of $0.2 million or $0.02 per share last year. Optimism generated by record snowfall during the month of December and the anticipation of a strong and sustained snowmobile snowmobile, vehicle designed to travel over snow, ice, and similar surfaces that offer limited traction and weight-supporting capability. As the performance of the vehicle depends to a large extent on keeping its weight as low as possible, there is no enclosure for season was short-lived as the rains came to the Canadian/U.S. snow belt in mid-January. Fiscal 1996 can be characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. as a year of tremendous change for our Company, from the completion of our financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). in December 1995, to the great strides which have been made in our systems development, warehouse efficiencies and improved customer service levels. Unfortunately, these many achievements will be converted into a return to profitability only next fiscal year. Our market position remains strong and we now have the necessary organizational infrastructure in place to fully exploit our Company's enormous potential in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . CONTACT: Kimpex International Inc. Brett Gannon, 819/472-3326 |
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