We seem to be turning around Q2 below. I stuck it out and am holding a substantial amount. Slow as she goes quarter by quarter
Envoy Reports Second Quarter 2003 Results,
TORONTO, May 22 /PRNewswire-FirstCall/ -- Envoy Communications Group Inc. today announced that net income for the second quarter of fiscal 2003 increased to $1,391,847 (inclusive of non-recurring items) compared with a loss in the second quarter of fiscal 2002 of ($35,806,327) and diluted earnings per share for second quarter of fiscal 2003 increased to $0.07 from a loss of ($1.71) per share in the second quarter of fiscal 2002.
Worldwide revenue decreased to $9,047,325 from $14,250,275 in the second quarter of fiscal 2003.
Net income for the six months ended March 31, 2003 increased to $790,199 (inclusive of non-recurring items) from a loss of ($37,636,308) in the same period of 2002. Diluted earnings per share increased to $0.04 per share in 2003 from a loss of ($1.80) per share in 2002.
Worldwide revenue for the six months ended March 31, 2003 decreased to $20,948,768 from $31,042,483 in the same period of 2002.
About Envoy
Envoy Communications Group is an international consumer and retail branding company with offices throughout North America and Europe. For more information on Envoy visit www.envoy.to.
Cautionary Statement
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E(i)(1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Envoy's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Envoy's services, changes in competition, the ability of Envoy to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Envoy that Envoy's plans and objectives will be achieved.
Envoy Communications Group Inc.
CONTACT: Envoy Communications Group Inc., Geoffrey Genovese,
Tel: (416) 593-1212; Or contact our investor relations department
at: CitiCap Communication Corp., Contact: Linda Mitropoulos,
E-Mail: linda@citicap.com |
