Mario, and I thought I was fast..... Looks good, I'm content, although
was hoping for better, nice to see the company release so early,
looks like they are getting their act together(organized)..Scott
6mo results
Mond Industries Inc MII
Shares issued 28,605,000 Jul 20 close $0.62
Tue 21 Jul 98 News Release
Mr. Pat DiLillo reports
For the three months ended June 30, 1998, the company had revenues of
$29.8-million compared with $17.9-million. Net earnings were $561,481
compared with a net loss of $1,209,000. Net earnings per share were 2 cents
compared with a loss of 4 cents.
For the six months ended June 30, 1998, the company had revenues of
$59.0-million compared with $36.5-million. Net earnings were $1,047,128
compared with a loss of $1,659,000. Net earnings per share were 3 cents
compared with a loss of 5 cents.
In June, the company added a second shift to deal with an order book that
now stands at approximately $30-million, or about three months production.
The improved profitability for the quarter reflected the company's
successful efforts to increase the proportion of higher, value added
trailers within the manufacturing mix. In fact, unit throughput was
marginally lower, compared with the first quarter of 1998, because the more
complex and higher margin models take longer to manufacture.
Margins continued to improve in the second quarter and the company
continues to focus efforts on reducing unit costs, improving productivity
and enhancing gross margins, while maintaining the momentum achieved on the
marketing front. The higher margin service sector is now operating 14 bays
and it is expected that the third and fourth quarters will see continuing
improvements on the service side.
The outlook for the remainder of the year is for continuing robust sales
and profitability.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
