Business
Garneau Inc. refiles quarterly financials
Garneau Inc. refiles quarterly financials.
About this update from Green Arrow Resources, Inc.
[{"type":"text","content":"\n\n\n\n\nTSX - GAR\n\nNISKU, AB, March 23 /CNW/ - Garneau Inc. announced today that it has\nfiled restated quarterly consolidated financial statements for the first,\nsecond and third quarters of 2005 to correct an over amortization of certain\nplant and equipment that was identified during the course of the Corporation's\nyear end audit. This error has been corrected in the restated quarterly\nfinancial statements and the net effect to the financial position of Garneau\nas set forth in the restated financial statements is to increase the net\nearnings in each quarter by approximately $106,000. The restated quarterly\nfinancials are now available on SEDAR at www.sedar.com. Garneau expects that\nits audited consolidated financial statements and MD&A for the year ended\nDecember 31, 2005 will also be filed shortly.\n\nAbout Garneau Inc.\n------------------\n\nGarneau Inc.'s primary business is the application of high performance\nprotective coatings and linings for oil and gas pipeline protection. Garneau\nInc. also designs and fabricates oilfield equipment for both domestic and\ninternational markets. During more than 30 years of operating experience,\nGarneau Inc. has developed significant expertise and innovative technology,\nand has maintained a long-term focus on continuously improving the pipe\ncoating process with cost-effective, quality coatings. A talented and\neffective management team provides the vision and experience for long-term\nprofitable growth and increasing shareholder value. The company's Website can\nbe accessed at: http://www.garneau-inc.com/\n\n%SEDAR: 00008952E\n\n\n","length":1661,"tagName":"div"}]