9 Mos. Financials - released after market close are simply outstanding!
With U.S. customers, wonder if they're ripe for a takover yet...outstanding, consistent numbers and one cash cow of a company.
You can feel real good about owning a piece of Royal Laser - here's one management team who knows how to make money for shareholders (last year, by the way, this stock took off to $12-14 range on 9 mos. results (typically their "slowest" quarter, yet they've produced the best results for '99 in this quarter - truly amazing).
I'm holding to at least $11.00 - may have to wait until end of March for fund managers to rebalance their portfolios and buy into RLT.
Enjoy the numbers!
Cheers,
NOK
News Story
RLT - Toronto
Royal Laser Tech Corp. - Toronto
3rd Quar Jan. 31:
All figures in Canadian dollars
1999 1998
Revenues C$11,871,000 C$4,452,000
Net income 1,503,000 847,000
Shr ern (basic)
Net income .14 .11
Shr ern (diluted)
Net income .14 .10
9 months:
Revenues 33,666,000 n/a
Net income 4,084,000 2,374,000
Shr ern (basic)
Net income .42 .33
Shr ern (diluted)
Net income .37 .31
The company said revenues for the latest nine months were up 145% from a year
earlier.
It said results from a year earlier don't include the results of Seven
Continents, which was acquired on April 30 and now forms part of Royal Laser's
store fixture division.
The company said the third quarter is typically one of the weakest in its
store fixture and automotive/industrial divisions, but these latest results
were the best of fiscal 1999 to date.
Royal Laser Tech Corp. (T.RLT) uses computer-integrated manufacturing systems
to make custom and standard metal and wood products.
(END) DOW JONES NEWS 03-10-99
05:16 PM |
