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BMTC GROUP INC. ANNOUNCES FINANCIAL RESULTS FOR ITS QUARTER ENDED SEPTEMBER 30TH, 2010
BMTC GROUP INC. ANNOUNCES FINANCIAL RESULTS FOR ITS QUARTER ENDED SEPTEMBER 30TH, 2010
About this update from Bmtc Group Inc. Class A
[{"type":"text","content":"\n\n\n\n Nov. 4, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, Nov. 4 /CNW Telbec/ - BMTC Group inc. announced that for the\n nine month period ended September 30th, 2010, the Company's revenue totalled $606,661,000 an increased of\n $12,537,000 compared to the $594,124,000 recorded in the corresponding\n 2009 period. For the nine month period ended September 30th, 2010, the net income stood at $42,474,000 compared to $48,286,000, for\n the corresponding 2009 period.  The net earnings per basic share stood\n at $0.82 compared to $0.91 for the corresponding 2009 period. \n\n\nResults from the costing of options had the effect of reducing net basic\n earnings by $0.26 per share, compared to a decrease of $0.07 per basic\n share for the previous year. While the Company costs options as either\n an expense or revenue in the net earnings calculation, the Company\n believes it is preferable to inform readers of its financial statements\n of the impact of this element, which is outside the Company's control\n and which varies along with the course of the Company's share price in\n any given time period. An increase in the Company's share price incurs\n an expense, while a decrease in the Company's share price incurs\n revenue. Of particular concern is that the reader could be made to\n believe that the Company's profitability had risen in the context of a\n major decrease in the Company's share price. It is for this reason that\n the Company includes net earnings...