Business
CCL Reports Record Third Quarter Results and Declares Dividend
TORONTO, Nov. 8 /CNW/ - November 8, 2007 Dear Shareholder:
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 8 /CNW/ -\n\n\nNovember 8, 2007\n\n\nDear Shareholder:\n\n\nPlease find enclosed your Third 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\nYour Board of Directors continues to be pleased with the strong financial\nperformance of your Company and today approved its quarterly dividend payable\non January 2, 2008. 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% earlier this year. This dividend is a continuation of\nCCL's record of paying consecutive quarterly dividends for over 25 years\nwithout a reduction. The dividend is $0.12 per Class B non-voting share and\n$0.1075 per Class A voting share.\n\n\nFor over three years, CCL has been a 40% partner in the European ColepCCL\nbusiness. The joint venture was formed in 2004 with CCL contributing its\nEuropean custom manufacturing business. With the sale of CCL's North American\ncustom manufacturing business in 2005, the joint venture became a\nnon-strategic asset of CCL. In early October, we agreed to sell our share of\nthe joint venture to the majority owner. Although we have created significant\nshareholder value by our involvement in ColepCCL, the sale was in line with\nour strategy to be a focused specialty packaging company. The proceeds will be\ninvested in the Company's core businesses over time by way of capital spending\nfor organic growth and for accretive acquisitions. CCL is now truly a\npure-play global specialty packaging company and we believe that this will set\nthe framework for continued growth in shareholder value going forward.\n\n\nConference calls with our stakeholders are held following the release of\nour quarterly results. Presentation materials used during the conference calls\nand at our annual Investors' Day are posted on our website along with audio\nrecordings of the meetings. In addition, presentation materials used in\nmeetings with investors throughout the year 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 ...