Business
CCL Reports Record Second Quarter Results and Declares Dividend
CCL Reports Record Second Quarter Results and Declares Dividend.
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\nStock Symbol: TSX - CCL.A and CCL.B\n\n\nTORONTO, Aug. 2 /CNW/ -\n\n\nDear Shareholder:\n\n\nPlease find enclosed your Second Quarter 2007 shareholder report for CCL\nIndustries Inc. This package provides detailed information about your\nCompany's recent business activities and its financial performance.\n\n\nOver the last five years, CCL has developed into a global specialty\npackaging business, operating 49 plants in 15 countries, and as a result of\nthis strategic evolution, we are seeing more interest from Canadian and\nAmerican investors that are looking for global franchises. Investors are now\nroutinely comparing CCL to our international specialty packaging peers as\nthere are no comparable Canadian public companies. These financial comparisons\nhave highlighted to the investment community in both Canada and the United\nStates that our stock has been relatively under-valued. We believe that the\nglobalization and performance of CCL has been and should continue to be a\npositive influence on shareholder value.\n\n\nYour Board of Directors is very pleased with the strong financial\nperformance of your Company and today approved its quarterly dividend payable\non September 28, 2007. This dividend is supported by the strong cash flow and\nearnings growth of your Company and is maintained at the current level after\nhaving increased 9% in March 2007. This dividend is a continuation of CCL's\nrecord of paying consecutive quarterly dividends for over 25 years without a\nreduction. The dividend is $0.12 per Class B non-voting share and $0.1075 per\nClass A voting share.\n\n\nConference calls with our stakeholders are held following the release of\nour quarterly results. Presentation materials used during the conference calls\nand the annual Investors' Day, as described above, are posted on our website\nalong with audio recordings of the meetings. In addition, presentation\nmaterials used in meetings with investors are also posted on our website.\nInstructions for accessing these services are set out at the end of this\nearnings release.\n\n\nWe encourage all shareholders to access our website www.cclind.com on a\nregular basis for investor and company news including scheduled dates for\nfuture earnings releases. If you would like to have future Press Releases\ne-mailed to you at the time they are issued, please complete t...