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 | Year ago | |
|---|---|---|
| Revenue | $57,097,000 | $32,400,000 |
| Net profit | $4,429,000 |
$1,203,000 |
| Net profit / share | $0.18 | $0.05 |
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.
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.
Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail: wjanzen@buhler.com
Trading symbol: BUI