Business
Rocky Mountain Dealerships Inc. (TSX: RME) announces results for the quarter and year ended December 31, 2010
Mar. 8, 2011 (Canada NewsWire Group) -- Issued: 18,483,982 shares CALGARY, March 8 /CNW/ ...
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n Mar. 8, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIssued: 18,483,982 shares\n\n\nCALGARY, March 8 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky" or the\n "Company") today reported financial results for the three months ("Q4")\n and year ended ("YTD") December 31, 2010.\n\n\n\nQ4 revenue increased 33% to $196.3 million versus 2009 Q4 of $147.7\n million.\n\n\nYTD revenue increased 14% to $633.4 million versus 2009 YTD of $555.8\n million.\n\n\nQ4 net earnings increased 18% to $6.7 million and YTD increased 2% to\n $15.5 million.\n\n\nDiluted earnings of $0.34 per share for Q4 and $0.83 per share YTD\n\n\nQ4 EBITDA increased 22% to $12.9 million and YTD increased 3% to $33.8\n million.\n\n\nDeclares quarterly cash dividend of $0.045 per share\n\n\n\nNew equipment sales were $121.3 million for Q4 compared to $92.9 million\n in the prior year.  Used equipment sales were $45.6 million for Q4,\n compared to $32.5 million for the same period of 2009.  Parts and\n service revenue were $17.4 million and $11.1 million for Q4, both up\n from $11.8 million and $9.4 million in 2009, respectively. \n\n\nGross profit margin was at 16.0% for Q4, down slightly from 16.6% in\n 2009.  For the full year 2010 gross profit margin was up to 15.7% from\n 15.2% in 2009.\n\n\nSelling, general, and administrative expenses was 10.4% of revenue in\n Q4, up from 9.4% in the prior year.  This increase arose mainly from\n the addi...