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Buhler Industries Inc. reports 1st quarter earnings
Winnipeg, Manitoba
February 9, 2009
Buhler’s 1st Quarter Net Income Increases
Net earnings increased to $4.4 million ($0.18 per share on 25 million shares) compared with $1.2 million ($0.05 per share on 25 million shares) last year.
| 3 months to December 31, 2008 |
Previous year |
| Revenue |
$57,097,000 |
$32,400,000 |
| Net profit |
$4,429,000 |
$1,203,000 |
| Net profit/share |
$0.18 |
$0.05 |
1st Quarter-end Revenue Up
Revenue is up 76% to $57.1 million compared with $32.4 million last year. The increasing demand for high horsepower tractors in overseas markets and North America had a positive impact on revenue.
1st Quarter-end Earnings Up
New earnings for the 1st quarter ending December 31st, 2008 were $4.4 million compared with $1.2 million last year. Gross profit was $11,648,000 (20.4% of sales) for 2008 compared to $6,360,000 (19.6% of sales) last year. The number of shares outstanding remains at 25 million.
Contact: Dmitry Lyubimov
Phone: (204) 477-2571
E-mail: dlyubimov@buhler.com
Complete financial statement
Trading symbol: BUI
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