Business
Century II Holdings Inc. Reports Fiscal 2006 Second Quarter Results
Century II Holdings Inc. Reports Fiscal 2006 Second Quarter Results.
About this update from Futuregen Industries Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Aug. 9 /CNW/ - Century II Holdings Inc. today announced its\nconsolidated financial results for the second quarter ended June 30, 2006. The\nCompany's operations principally reflect its investment in Information\nCommunication Services (ICS) Inc. (operating as ICS Courier).\nThe Company reported net earnings in the second quarter of 2006 of\n$2.5 million ($0.22 per share) compared to $1.3 million ($0.11 per share) for\nthe same period last year. Net earnings for the six months ended June 30, 2006\nare $5.2 million (or $0.46 per share) compared to $1.9 million (or $0.17 per\nshare) for the same period last year.\nCommenting on the financial performance of the second quarter of 2006,\nMr. Geoff Davies, President and Chief Executive Officer of the Company, said\nthat \"we now have a track record of six consecutive quarters of improved\nfinancial results which indicates a positive trend in operating performance.\nContinued improvements in service levels have supported our ability to retain\ncustomers and continue our success in attracting new volumes. This is due to\noutstanding performance by the ICS team.\"\n\nAbout Century II Holdings Inc. (TSX Symbol: CH)\n-----------------------------------------------\nCentury II Holdings Inc. is a publicly listed holding company whose\nwholly owned subsidiary, ICS Courier, operates a fixed route courier business\nservicing in excess of 35,000 accounts largely in the insurance, financial,\ntravel, optical and dental business sectors across Canada.\n\nCertain statements in this press release constitute forward-looking\nstatements. Such forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance and achievements of the Company to be materially different from\nany future results, performance or achievements expressed or implied by such\nforward-looking statements. Such factors include, among others, competition\nand technological changes. These factors and other risks and uncertainties are\ndiscussed in the Company's Annual Report for the year ended December 31, 2005\nand in the subsequent reports filed by the Company with the Ontario Securities\nCommission.\n%SEDAR: 00002281E\n\n\n","length":2285,"tagName":"div"}]