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Gold/Mining/Energy : Peerless Carpet Corp -- Ignore unavailable to you. Want to Upgrade?

To: robin hood who wrote (69)	8/17/1998 10:31:00 AM
From: djenning1998	Respond to of 85

PRG - Toronto Peerless Carpet Corp. (T.PRG), Montreal, said the 1997 revenue figures include revenues from discontinued operations, totalling C$4 million in the quarter and C$9 million for the six months. The company said a revenue shortfall in the broadloom business, mainly in the commercial segment, hurt profitability. "The high fixed operating cost of the company relative to the manufacturing volume renders the business very sensitive to such changes in volumes," he said. In the residential segment, it said delays in meeting sample delivery schedules to retailers created by a four-month strike of the company's sample makers, coupled with the on-going construction workers strike in Ontario, prevented Peerless from achieving planned growth in the second quarter. It said it expects the softness in shipments to continue into the third quarter, with improvement in the fourth quarter from the commercial segment and in the residential segment from pent-up demand in new housing. Peerless Carpet us a carpet maker. (END) DOW JONES NEWS 08-17-98 10:04 AM

To: robin hood who wrote (69)	8/17/1998 10:37:00 AM
From: djenning1998	Read Replies (1) \| Respond to of 85

PRG - Toronto Peerless Carpet Corp. - Acton Vale, Que. 2nd Quar June 30: All figures in Canadian dollars 1998 1997 Sales C$41,997,000 C$52,520,000 Net income 59,000 859,000 Shr ern (basic) Net income .... .07 Shr ern (diluted) Net income .... .06 6 months: Sales 82,006,000 100,741,000 Net income 609,000 33,000 Shr ern (basic) Net income .04 .... Shr ern (diluted) Net income .04 .... (MORE) DOW JONES NEWS 08-17-98 09:20 AM