Business
Rocky Mountain Dealerships Inc. (TSX:RME) announces results for the periods ended September 30, 2010
Rocky Mountain Dealerships Inc. (TSX:RME) announces results for the periods ended September 30, 2010
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n\n Nov. 9, 2010 (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: 18,427,250 shares\n\n\nCALGARY, Nov. 9 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky\n Mountain" or the "Company") today reported financial results for the\n three and nine month periods ended September 30, 2010.\n\n\n\nThird quarter ("Q3") revenues of $170.5 million (2009 - $145.8 million)\n and nine months ended ("YTD") of $437.1 million (2009 - $408.1 million)\n\n\nQ3 net earnings of $3.8 million (2009 - $4.9 million) and YTD of $8.7\n million (2009 - $9.5 million)\n\n\nQ3 diluted earnings per share of $0.20 (2009 - $0.34) and YTD of $0.48\n (2009 - $0.69)\n\n\nQ3 EBITDA of $7.7 million (2009 - $8.6 million) and YTD of $17.4 million\n (2009 - $18.4 million)\n\n\nDeclares quarterly cash dividend of $0.045 per share\n\n\nAnnounces upcoming transition of current Chief Executive Officer\n ("CEO"), Matt Campbell to Executive Chairman of the Board of Directors\n of the Company and Brian Taschuk, Chief Operating Officer ("COO") as\n successor CEO, effective January 1, 2011\n\n\n\nNew equipment sales were $68.3 million for Q3 2010 compared to $69.4\n million in the prior year.  Used equipment sales were $68.7 million for\n Q3 2010, compared to $46.1 million for the same period of 2009. \n Revenues generated from product support were $32.3 million in Q3 2010\n compared to $29.1 million for the same period of 2009. \n\n\nGross profit for...