Kimpex releases second 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)--Jan.Y 19, 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 ) Second Quarter Results ended November November: see month. 30, 1995 -0-
($Cdn 000) 3 months 6 months
1995 1994 1995 1994
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Sales 21.2 21.3 39.8 31.1 Net incomes (0.4) 0.5 (1.6) (0.2) E.P.S. $(0.03) $0.05 $(0.15) $(0.02) The following message to shareholders will appear in the second quarter report to shareholders: "Sales for the three months ended November 30, 1995 were $21.2 million compared to $21.3 million for the same period last year. The same period resulted in a loss of $0.4 million or $0.03 per share compared to a net income of $0.5 million or $0.05 per share last year. For the six months ended November 30, 1995 revenues were $39.8 million compared to $31.1 million for the same period last year. The net loss for this period of $1.6 million or $0.15 per share compares to a net loss of $0.2 million or $0.02 per share last year. The final stage of the 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). was completed in December of 1995 and the second half of the year will reflect the relative reduction in financing costs. The Company now looks forward with tremendous enthusiasm to focusing its efforts on the tasks at hand. The winter season to date is indicative of a strong 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 and the Company is well poised to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this opportunity. Investments in our systems and distribution networks are beginning to pay dividends by enabling us to meet the ever increasing demands for quality service in the markets that we serve. We look forward to a strong third quarter and are confident as to the future success of our Company." CONTACT: Mr. Brett Gannon Chief Financial Officer 819/472-3326 |
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