6mo results
Boyd Group Inc (The)
BYD.A
Shares issued 6,109,994
1998-08-18 close $1.9
Friday Aug 21 1998
Mr. Terry Smith reports
The Boyd Group's interim report to shareholders for the six months ended June
30, 1998 will reflect sales of $11.2-million, representing an increase of nearly 47
per cent over the same period last year. Operating earnings (earnings before
interest, taxes, depreciation, amortization, and non-controlling interest) increased
approximately 74 per cent to $941,900 or 8.4 per cent of sales, from $541,700
or 7.1 per cent of sales in the prior year. Net earnings were $171,564 or 2.4
cents per share.
This is the first year Boyd has operated as a public company. The 1997
comparative figures are therefore those of the business of Boyd under a pre-public
company structure.
The results reflect the impact of locations added during 1997 as well as the partial
impact of the six locations added during the first six months of 1998. During this
six month period, the company had advanced negotiations for the acquisition of
nine additional locations which have since been announced.
When combined with existing operations and other announced but not yet
completed acquisitions, Boyd's annualized gross revenue is estimated to be
approximately $45-million, derived from 34 company owned locations. Boyd's
operations also include nine third party owned Boyd Autobody & Glass licenced
locations. |
