NISKU, AB, April 1 /CNW/ - Garneau Inc. (GAR-TSX) today filed its Annual Information Form and audited Consolidated Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2007.
Copies of these documents are available electronically at www.sedar.com or the Company's website at www.garneau-inc.com.
Selected Annual Information
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(In thousands, except per share data) ------------------------------------- ------------------------------------------------------------------------- Year Ended December 07 December 06 December 05 ------------------------------------------------------------------------- Total Revenues $20,161 $57,042 $48,365 ------------------------------------------------------------------------- Net Earnings (Loss) (4,728) 947 1,621 ------------------------------------------------------------------------- Basic Earnings (Loss) per Share (0.39) 0.08 0.14 ------------------------------------------------------------------------- Diluted Earnings (Loss) per Share (0.39) 0.08 0.14 ------------------------------------------------------------------------- Total Assets 29,885 39,571 38,141 ------------------------------------------------------------------------- Long Term Financial Liabilities 118 241 535 -------------------------------------------------------------------------
Garneau's Notice of Annual and Special Meeting and Management Information Circular are expected to be mailed to Garneau Inc.'s common shareholders in April. Garneau Inc.'s Annual and Special Meeting of Shareholders will be held at 3:00 p.m. on Wednesday, May 28, 2008 at the Westin, Calgary, Alberta.
About Garneau Inc.
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Garneau Inc's primary business has been application of high performance protective coating and linings for oil and gas pipeline protection. Additionally, the corporation also designs and fabricates oilfield equipment for both domestic and international markets. With over 30 years of operating experience, Garneau Inc. has developed a significant level of expertise and is well know for innovative technology. The company's website can be accessed at www.garneau-inc.com.
This report includes forward looking statements that are based on the Garneau's current expectations and therefore are subject to uncertainties such as the level of industry drilling and coating activity, foreign exchange fluctuations and world wide economic conditions that may cause actual results to differ materially.