Business
Garneau Inc. first quarter results ended March 31, 2009
NISKU, AB, May 15 /CNW/ - May 15, 2009, Garneau Inc. (GAR-TSX) today filed its First Quarter Repo...
About this update from Green Arrow Resources, Inc.
[{"type":"text","content":"\n\n\n\nNISKU, AB, May 15 /CNW/ - May 15, 2009, Garneau Inc. (GAR-TSX) today\nfiled its First Quarter Report and related Management's Discussion and\nAnalysis for the quarter ended March 31, 2009.\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 per share data, unaudited) March 31, March 31,\n 2009 2008\n-------------------------------------------------------------------------\nRevenue $ 4,448 $ 5,307\nMargin 1,374 1,170\nMargin % 30.9% 22.0%\nEarnings (loss) before income taxes (1,067) (1,221)\n\nNet earnings (loss) (1,067) (1,221)\nEarnings (loss) per share - basic (0.09) (0.10)\nEarnings (loss) per share - diluted (0.09) (0.10)\n\nThe Corporation also announces that Megan Picard, CAxIT/CISA, CMA has been\nappointed Interim Chief Financial Officer.\n\nAbout Garneau Inc.\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. The corporation also designs and fabricates oilfield equipment for\nboth domestic and international markets. With over 30 years of operating\nexperience, Garneau Inc. has developed a significant level of expertise and is\nwell known for innovative technology. The company's website can be accessed at\nwww.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%SEDAR: 00008952E\n\n\n","length":2269,"tagName":"div"}]