This stock just did a 7MM share cross TAK Look at the six monthe EPS
Tonko Development Corp -
Tonko six-month results
Tonko Development Corp
TAK
Shares issued 78,485,469
1999-08-23 close $0.44
Tuesday Aug 24 1999
Mr. Peter Cohos reports
Tonko Development Corp. has released its financial results for the six months
ended June 30, 1999.
Six months ended June 30
1999 1998
Revenue $11,354,000 $7,211,000
Cash flow from
operations 3,529,000 2,081,000
Net earnings 1,894,000 1,040,000
Cash flow per
share 4.4 cents 2.5 cents
Earnings per share 2.4 cents 1.2 cents
With these results, the company is on track to meet its objective of increasing
annual recurring cash flow by 35 per cent. The company continues to strive
towards its goal of creating shareholder value by delivering sustainable growth in
cash flow. While the current share price does not reflect the inherent value of
Tonko, management will use this time as an opportunity to enhance value by
continuing to acquire shares pursuant to the company's normal course issuer bid. |
