Business
Leon's Furniture Limited - 2005 third quarter
Leon's Furniture Limited - 2005 third quarter.
About this update from Leon's Furniture Limited
[{"type":"text","content":"\n\n\n\n\nTORONTO, Nov. 14 /CNW/ - For the three months ended September 30, 2005,\ntotal Leon's sales were $187,055,000 including $45,070,000 of franchise sales\n($173,221,000 including of $42,076,000 franchise sales in 2004), an increase\nof 8.0%. Net income was $13,630,000, 76 cents per common share ($13,947,000,\n75 cents per common share in 2004), an increase of 1.3% per common share. The\nthird quarter 2004 includes a net after tax gain from sale of property of\n$850,000 or 4 cents per common share.\nFor the nine months ended September 30, 2005, total Leon's sales were\n$496,008,000 including $118,508,000 of franchise sales ($461,896,000 including\n$110,385,000 of franchise sales in 2004), an increase of 7.6% and net income\nwas $29,306,000, $1.62 per common share ($29,014,000, $1.56 per common share\nin 2004), an increase of 3.8% per common share.\nThe Directors have declared a quarterly dividend of 20 cents per common\nshare payable on the 12th day of January 2006 to shareholders of record at the\nclose of business on the 12th day of December 2005. In addition, the annual\ndividend on the convertible non-voting series shares of 40 cents , will be\npayable on January 12th, 2006 to the shareholders of record at the close of\nbusiness on December 12th, 2005.\nFrom September 6, 2005, the date on which Leon's current issuer bid\ncommenced, to today, the company has purchased 238,200 Common Shares at an\naverage price of $38.54 per share. Leon's management and Directors believe\nthat this is an appropriate use of its corporate funds.\n\n\n>\n\n\n\n","length":37524,"tagName":"div"}]