Business
Garneau Inc. First Quarter Results Ended March 31, 2008
NISKU, AB, May 16 /CNW/ - Garneau Inc. (GAR-TSX) yesterday filed its First Quarter Report and rel...
About this update from Green Arrow Resources, Inc.
[{"type":"text","content":"\n\n\n\nNISKU, AB, May 16 /CNW/ - Garneau Inc. (GAR-TSX) yesterday filed its\nFirst Quarter Report and related Management's Discussion and Analysis for the\nquarter ended March 31, 2008.\n\n\nCopies of these documents are available electronically at www.sedar.com\nor the Company's website at www.garneau-inc.com.\n\n\nSelected Annual Information\n---------------------------\n\nSummary of Results Three months ended\n(In thousands, except March 31, 2008 March 31, 2007\n per share data, unaudited)\n-------------------------------------------------------------------------\nRevenue $ 5,307 $ 7,245\nMargin 1,170 1,466\nMargin % 22.0% 20.2%\nEarnings (loss) before income taxes (1,221) (828)\n\nNet earnings (loss) (1,221) (701)\nEarnings (loss) per share - basic (0.10) (0.06)\nEarnings (loss) per share - diluted (0.10) (0.06)\n\n\nAbout Garneau Inc.\n\n\n------------------\n\n\nGarneau Inc's primary business has been the application of high\nperformance protective coating and linings for oil and gas pipeline\nprotection. Additionally, the corporation also designs and fabricates oilfield\nequipment for both domestic and international markets. With over 30 years of\noperating experience, Garneau Inc. has developed a significant level of\nexpertise and is well known for innovative technology. The company's website\ncan be accessed at www.garneau-inc.com.\n\n\nThis report includes forward looking statements that are based on the\nGarneau's current expectations and therefore are subject to uncertainties such\nas the level of industry drilling and coating activity, foreign exchange\nfluctuations and world wide economic conditions that may cause actual results\nto differ materially.\n\n\n","length":2092,"tagName":"div"}]