Gentra .... Any old R/T employees Message Board

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Strategies & Market Trends : Gentra .... Any old R/T employees

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To: little big man who wrote (56)	2/20/1998 6:28:00 PM
From: little big man	Read Replies (1) of 78

TORONTO, ONTARIO, February 20, 1998 - GENTRA INC. today announced that net income increased from $54 million in 1996 to $81 million for the year ended December 31, 1997. Earnings per common share increased by 70% to $0.34 per common share compared to $0.20 per common share in 1996. Net income included $20 million of transactional gains, up from $5 million in 1996. The transactional gains arose primarily from the disposition of non-core properties during the year. Cash flow from operations also increased to $88 million for the year ended December 31, 1997 up from $59 million in 1996.

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