Buhler Industries Inc. reports 2nd quarter earnings
Winnipeg, Manitoba
April 25, 2006
| 3 months to March 31, 2006 | Previous year | |
| Revenue Net profit Net profit/share |
$59,152,000 $1,875,000 0.07 |
$63,989,000 $4,078,000 0.16 |
| 6 months to March 31, 2006 | Previous year | |
| Revenue Net profit Net profit/share |
$98,541,000 $3,582,000 0.14 |
$109,800,000 $5,725,000 0.23 |
Revenue Reduced
Revenue for the second quarter reduced by 7.6% to $59.1 million compared with $64.0 million last year. Revenue for six months reduced by 10.3% to $98.5 million compared with $109.8 million last year. The high value of the Canadian dollar is the main reason for the lower revenue.
Net Earnings Decreased
Net earnings for the second quarter decreased by 54.0% to $1.9 million or $0.07 per share compared with $4.1 million or $0.16 per share last year. Net earnings for six months decreased to $3.6 million or $0.14 per share compared with $5.7 million or $0.23 per share last year.
Looking Forward
In spite of the negative trend of this quarter, management is committed to improving the areas of our operation that have caused our financial results to decline. There is no “quick fix” for some of these issues, but we will work to implement changes and improve our results in due course.
Contact
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Click here for complete financial statement
Trading symbol: BUI