Business
Century II Holdings Inc. Reports Fiscal 2007 Third Quarter Results
Century II Holdings Inc. Reports Fiscal 2007 Third Quarter Results.
About this update from Futuregen Industries Corp.
[{"type":"text","content":"\n\n\n\nTSX Symbol: CH\n\n\nTORONTO, Oct. 30 /CNW/ - Century II Holdings Inc. today announced its\nconsolidated financial results for the third quarter ended September 30, 2007.\nThe Company's operations principally reflect its investment in Information\nCommunication Services (ICS) Inc. (operating as ICS Courier).\n\n\nThe Company reported net earnings in the third quarter of 2007 of\n$2.4 million ($0.21 per share) compared to $1.3 million ($0.11 per share) for\nthe same period last year. Earnings before income tax expense of $3.6 million\nrepresents an increase of $1.6 million in pre-tax earnings compared to the\nsame period last year. Earnings before income tax expense for the nine months\nwas $10.8 million compared to $5.0 million for the same period last year.\n\n\nRevenue for the third quarter of 2007 was $24.1 million compared with\n$22.2 million in 2006, an increase of 8.9% over the prior year's quarter.\nRevenue for the nine months was $73.3 million (an increase of 7.5%) compared\nto $68.2 million for the same period last year.\n\n\nCommenting on the financial performance for the third quarter of 2007,\nMr. Geoff Davies, President and Chief Executive Officer of the Company, said\nthat "The financial results for this quarter reflect the ICS teams continued\nsuccess in improvement in revenues, customer service and cost controls".\n\n\nAbout Century II Holdings Inc. (TSX Symbol: CH)\n\n\n-----------------------------------------------\n\n\nCentury II Holdings Inc. is a publicly listed holding company whose\nwholly-owned subsidiary, ICS Courier, operates a structured route courier\nbusiness servicing in excess of 35,000 accounts largely in the insurance,\nfinancial, optical, dental and hearing appliance business sectors across\nCanada.\n\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 en...