Magellan Aerospace Corp (MAL) New Listing Message Board

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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

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To: Anthony Wong who wrote (394)	5/15/1998 8:56:00 AM
From: Dennis Lefebvre	Read Replies (2) of 633

All, Globe says revenue continues its climb Magellan Aerospace Corp MAL Shares issued 2,821,000 May 14 close $10.25 Fri 15 May 98 In the News The Globe and Mail reports in its Friday, May 15, 1998, edition that Magellan Aerospace has maintained its sky-high climb in revenue and profit through the first quarter, an ascent that has been fuelled by acquisitions and lucrative aerospace contracts. The Globe's Oliver Bertin writes that Magellan reported revenue of $87.3-million in the three months to March 31, up 80 per cent from the same period the year before. Profit rose 206 per cent to $6.1-million while share profit rose 120 per cent to 11 cents. Murray Edwards, chairman and CEO, expects that performance to continue through the rest of the year. He says the outlook is good to the end of the century. He forecasts a 65 per cent climb in revenue to $415-million for 1998, and says profit could double to $32-million depending on the extent of competition in North America and abroad. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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