Business
Century II Holdings Inc. Reports Fiscal 2006 Third Quarter Results and announces Dividend Payment
Century II Holdings Inc. Reports Fiscal 2006 Third Quarter Results and announces Dividend Payment.
About this update from Futuregen Industries Corp.
[{"type":"text","content":"\n\n\n\n\nTSX Symbol: CH\n\nTORONTO, Nov. 2 /CNW/ - Century II Holdings Inc. today announced its\nconsolidated financial results for the third quarter ended September 30, 2006.\nThe Company's operations principally reflect its investment in Information\nCommunication Services (ICS) Inc. (operating as ICS Courier).\nThe Company reported net earnings in the third quarter of 2006 of\n$1.3 million ($0.11 per share) compared to $1.0 million ($0.09 per share) for\nthe same period last year. Net earnings for the nine months ended September\n30, 2006 are $6.5 million ($0.57 per share) compared to $2.9 million ($0.25\nper share) for the same period last year. Earnings before income taxes in the\nquarter of $2.0 million represent an improvement of $1.0 million compared to\nlast year. Year-to-date pre-tax earnings of $5.0 million are 173% higher than\nthe same period last year.\nCommenting on the financial performance of the third quarter of 2006,\nMr. Geoff Davies, President and Chief Executive Officer of the Company, said\nthat \"the Company's continued improved financial performance is attributed to\nthe ongoing focus by its employees on customer service and operations\nefficiency. Revenue increases reflect increased volumes which combined with\neffective cost controls are contributing to the continuing improvement in\nearnings.\"\nAt its meeting held on November 1, 2006, the Board of Directors\nauthorized the payment of a one time dividend of $0.16 per share. This\ndividend will be payable on December 15, 2006 to shareholders of record at the\nclose of business on December 1, 2006.\n\nAbout Century II Holdings Inc. (TSX Symbol: CH)\n-----------------------------------------------\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...